Europe chems stocks slump on US-China trade war fears, Merkel strife

摘要

LONDON (ICIS)--European chemicals stocks slumped on Tuesday in line with declines on local and Asia bourses in response to fears of the impact of revived trade war measures between the US and China. The prospect of retaliatory measures by China against a potential $200bn-worth of new tariffs levied by the US against the country on over 1,100 products, including numerous chemicals and petrochemicals, sent share prices for European chemicals players slumping in early trading.