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European Stocks Fall as U.S., China Trade Tensions Intensify

Bloomberg business news
Goldman Sachs Says EM Selloff Starting to Look Like Contagion

European equities fell at the open, ending six days of gains, as trade tensions between the U.S. and China intensified again after the Trump administration unveiled plans for further tariffs on Chinese goods.

The Stoxx Europe 600 Index dropped 0.7 percent, led lower by basic resources, technology and construction companies as base metals and oil sank. Steelmakers and tech firms have been among the sectors most hit by the trade spat so far.