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US-China tensions hit European cyclical stocks | Malay Mail

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LONDON, Aug 7 — European shares were trading largely flat today after their Asian peers were hit by an escalation in US-China tensions, but an upbeat earnings season and hopes of more stimulus kept most regional indexes on course for weekly gains. The pan-European STOXX 600 index opened lower...

A photographer takes pictures of the German share price index board at the stock exchange in Frankfurt, Germany, February March 9, 2020. — Reuters pic

US President Donald Trump yesterday moved to ban US transactions with popular Chinese apps, Tencent’s WeChat and ByteDance’s Tiktok, calling them “significant threats.” In a note to clients, Citi analysts said they viewed Trump’s moves as less “significant the consulate closure two weeks back continue to expect China to stay restrained in terms of a retaliation.”

 

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