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IFX - Infineon Technologies AG News Story

€31.47 -0.8  -2.4%

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Sector
Technology
Size
Large Cap
Market Cap £36.22bn
Enterprise Value £39.44bn
Revenue £8.63bn
Position in Universe 35th / 1049

European stocks sink after China retaliates with higher tariffs on some U.S. goods

Fri 23rd August, 2019 1:28pm
LONDON, Aug 23 (Reuters) - All major European stock bourses
turned negative and trade-sensitive stocks slid sharply on
Friday after China announced plans to slap import tariffs on
more U.S. goods, escalating the protracted spat between the
world's top two economies.
    Beijing said the new tariffs would apply to about $75
billion worth of U.S. goods.  urn:newsml:reuters.com:*:nB9N24U00O
    The pan-European STOXX 600  .STOXX  was down 0.3% and the
export-heavy German blue-chip index  .GDAXI  was down 0.9% at
1227 GMT. Both indexes were trading in positive territory before
the tariff announcement at 1200 GMT.
    Mining companies and semiconductor makers were among the
worst hit. Shares in Austrian sensor maker AMS  AMS.VI  fell 4%,
STMicroelectronics slid 3.2% and Infineon  IFXGn.DE  2.6%.

 (Reporting by Thyagaraju Adinarayan; editing by Josephine
Mason)
 ((thyagaraju.adinarayan@tr.com; +44 20 7542 7015; Reuters
Messaging: thyagaraju.adinarayan.thomsonreuters.com@reuters.net;
Twitter @thyagu))
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