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Global stocks lower after U.S.-China trade jitters resurface

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Global stock markets were mostly lower Tuesday amid revived jitters over U.S.-Chinese trade tension and wrangling by British lawmakers over whether to try to postpone leaving the European Union.

Benchmarks in London, Frankfurt and Hong Kong declined. Shanghai closed lower and Tokyo was little changed.

The report is a reminder "of the tremendous gulf between the U.S. and China in reconciling their differences over trade, leaving the global economy hanging in the balance," Han Tan of FXTM said in a report. In early trading, London's FTSE 100 was off 4 points at 7,278.30 and Frankfurt's DAX lost 0.4% to 11,908.80. France's CAC 40 retreated 0.4% to 5,469.29.On Wall Street, the future for the benchmark Standard & Poor's 500 index was off 0.6% with trading due to resume after a three-day weekend. That for the Dow Jones Industrial Average was down 0.7%.

 

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