AIRLINK 206.97 Decreased By ▼ -5.85 (-2.75%)
BOP 10.21 Decreased By ▼ -0.04 (-0.39%)
CNERGY 6.80 Decreased By ▼ -0.20 (-2.86%)
FCCL 33.40 Decreased By ▼ -0.07 (-0.21%)
FFL 16.90 Decreased By ▼ -0.74 (-4.2%)
FLYNG 22.86 Increased By ▲ 1.04 (4.77%)
HUBC 128.90 Decreased By ▼ -0.21 (-0.16%)
HUMNL 14.06 Increased By ▲ 0.20 (1.44%)
KEL 4.81 Decreased By ▼ -0.05 (-1.03%)
KOSM 6.54 Decreased By ▼ -0.39 (-5.63%)
MLCF 43.10 Decreased By ▼ -0.53 (-1.21%)
OGDC 213.90 Increased By ▲ 0.95 (0.45%)
PACE 7.14 Decreased By ▼ -0.08 (-1.11%)
PAEL 41.70 Increased By ▲ 0.53 (1.29%)
PIAHCLA 17.00 Increased By ▲ 0.17 (1.01%)
PIBTL 8.41 Decreased By ▼ -0.22 (-2.55%)
POWER 8.87 Increased By ▲ 0.06 (0.68%)
PPL 183.99 Increased By ▲ 0.96 (0.52%)
PRL 39.27 Decreased By ▼ -0.36 (-0.91%)
PTC 24.60 Decreased By ▼ -0.13 (-0.53%)
SEARL 98.40 Increased By ▲ 0.39 (0.4%)
SILK 1.01 No Change ▼ 0.00 (0%)
SSGC 40.40 Decreased By ▼ -1.33 (-3.19%)
SYM 18.11 Decreased By ▼ -0.75 (-3.98%)
TELE 9.14 Increased By ▲ 0.14 (1.56%)
TPLP 12.51 Increased By ▲ 0.11 (0.89%)
TRG 66.20 Increased By ▲ 0.52 (0.79%)
WAVESAPP 10.76 Decreased By ▼ -0.22 (-2%)
WTL 1.83 Increased By ▲ 0.04 (2.23%)
YOUW 4.07 Increased By ▲ 0.04 (0.99%)
BR100 11,832 Decreased By -34.1 (-0.29%)
BR30 35,779 Increased By 82 (0.23%)
KSE100 113,729 Decreased By -419.3 (-0.37%)
KSE30 35,807 Decreased By -144.8 (-0.4%)

LONDON: Europe's main stock markets rebounded somewhat in opening deals on Tuesday, having dived by about two percent the previous day on worries over a global trade war.

In initial deals, London's benchmark FTSE 100 index of major blue-chip companies gained 0.3 percent to 7,532.49 points compared with Monday's closing level.

In the eurozone, Frankfurt's DAX 30 added 0.7 percent to 12,355.66, while the Paris CAC 40 won 0.5 percent to 5,308.88 points.

World stocks had plummeted Monday on reports that US President Donald Trump was planning new curbs on Chinese investment in America.

Asian stocks banked sharply lower on Tuesday following steep falls on Wall Street, amid fear that Washington was readying a new phase in its economic confrontation with China.

Trump has threatened to strike back against China's retaliation to the US tariffs that are due to take effect July 6.

"Equities had a bearish day yesterday (Monday) as Trump's agenda of protectionist measures is threatening US and global growth," noted Konstantinos Anthis, research head at trading firm ADS Securities.

"Economists from around the world are expressing their concerns that a global trade war could send the US back to a recession and investors are taking a defensive approach as a response."

Copyright AFP (Agence France-Press), 2018
 

Comments

Comments are closed.