Stocks Stabilize as U.S.-China Trade War Enters New Stage – The New York Times

“China does not want or wish for a trade war, but it is by no means afraid of one,” Geng Shuang, a spokesman for the Chinese Foreign Ministry, said at a daily news briefing. “If someone brings the war to our doorstep, we will fight it to the end,” he added.

After opening higher, the CAC 40 in France was up 0.9 percent by late morning. The Dax in Germany had risen 0.4 percent by the same time. In London, the FTSE 100 climbed 0.8 percent.

Hong Kong, which was closed on Monday for a holiday, led the declines in Asia. The Hang Seng Index lost 1.5 percent.

In China, the Shanghai Composite Index and the Shenzhen Composite Index both fell 0.7 percent, while Nikkei 225 in Japan dropped 0.6 percent.

South Korea bucked the regional trend, with the Kospi rising 0.14 percent.

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