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. 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%.