Global stocks mixed as trade war fears deepen

Benchmarks in London and Frankfurt advanced in early trading while markets in Shanghai, Tokyo and Hong Kong closed lower.

On Monday, the U.S. Treasury Department officially labeled Beijing a currency manipulator, a status that opens the way to possible additional sanctions.The U.S. move “will likely contribute to a hardening of positions” in trade talks, Martin Petch of Moody’s Investors Service said in a report. London’s FTSE 100 was 6 points higher at 7,230.28 in early trading and Germany’s DAX gained 0.5% to 11,715.11. France’s CAC 40 rose 0.7% to 5,277.67.

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