European shares were largely flat on Monday as renewed U.S.-China tensions hit technology stocks, but a slowing decline in China's producer prices and rising oil prices limited losses.
Heavyweight technology index .SX8P fell 1.2%, capping gains in the broader market amid worries over the U.S-China rift ahead of a scheduled trade talks on Aug. 15 to review the agreement signed in January.
“President Trump’s decision is yet another one that could prompt a counter response and possible escalation from Beijing, with U.S. companies operating in Hong Kong and China, particularly vulnerable,” Michael Hewson, chief market analyst at CMC Markets, wrote in a note.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European markets head for higher open, brushing off U.S.-China tensionsEuropean stocks are expected to open start the week on a positive note Monday, brushing off tensions between the U.S. and China that have dampened investor sentiment in Asia.
Read more »
China data drives early gains in European stocksEuropean shares inched higher on Monday as a decline in China's producer prices slowed and oil prices rose, while investors looked to Washington for signs of more U.S. stimulus.
Read more »
Alex Azar's visit to Taiwan is a fresh thorn in prickly U.S.-China tiesThe visit by U.S. Health and Human Services Secretary Alex Azar to Taiwan comes amid mounting tensions between Washington and Beijing, which claims Taiwan as its own territory to be annexed by force if necessary.
Read more »
China remains a 'bright spark,' says major real estate developer CapitaLandThere are 'very encouraging signs' in CapitaLand's residential business and retail operations in China, said Andrew Lim, the company's group chief financial officer.
Read more »
U.S. Intelligence: China Opposes Trump Reelection; Russia Works Against BidenA top U.S. intelligence official warns that China is trying to undermine President Trump's reelection bid while Russia is trying to denigrate Democrat Joe Biden.
Read more »
U.S. National Security Adviser Says China Targeting 2020 ElectionNational security adviser Robert O’Brien said Chinese hackers were targeting U.S. election infrastructure, but his comments were met with skepticism by other officials familiar with the matter.
Read more »