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· European stocks opened higher Tuesday morning, despite concerns that underlying sentiment could be soured by ongoing global trade frictions.
The pan-European Stoxx 600 was up around 0.4 percent shortly after the opening bell, with most sectors and major bourses in positive territory.
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· Chinese stocks went into a tail spin on Tuesday as turbulence gripped equity markets in Asia, which sank to nine-month lows as investors feared the Sino-U.S. trade row could derail a rare period of synchronized global growth.
The Asia Pacific MSCI index ex-Japan tumbled 1.4 percent to its lowest since September 29, while Japan’s Nikkei average was down 0.86 percent to a near three-month low.
Chinese stocks were hit the most, with Hong Kong’s Hang Seng index diving 3.3 percent to its lowest level in ten months, the Shanghai Composite Index shedding 1.9percent to hit a fresh 28 month low.
· Japanese shares slipped to near three-month lows on Tuesday in choppy trade on growing worries the new tariffs the United States and China have threatened to impose on each other will kick in at the end of this week.
The Nikkei average ended down 0.12 percent at 21,785.54. At one point it dropped as much as 1.1 percent to 21,574, its lowest level since mid-April.
Reference: Reuters, CNBC
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