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Aug 26 (Reuters) - Technology stocks led a tumble in
European equities in early deals on Monday as investors fled
from riskier assets after another exchange of blows by the
United States and China over trade at the end of last week.
U.S. President Donald Trump on Friday hit back at a new
round of Chinese tariffs by heaping an additional 5% duty on
some $550 billion in targeted Chinese goods and demanded that
U.S. companies move their operations out of China. However, Trump appeared on Sunday to back off on his threat
to order U.S. companies out of China.
The pan-European STOXX 600 index .STOXX fell 0.51% by 0710
GMT, with trading volumes thinned out by a UK holiday .FTSE .
Declines in markets were broad-based, but technology
companies .SX8P , the most exposed to tariffs, were the biggest
losers with a 1.02% fall in the sectoral index.
German real estate stocks came under pressure after a report
that Berlin's city government planned to cap rents. Deutsche