Europe Markets: European stocks end sharply lower as U.S.-China spat ratchets up

European stock markets closed in the red Wednesday, as traders fretted over the fallout from a potential global trade clash between the U.S. said it plans to hit Chinese goods with another $200 billion in tariffs.

What are markets doing?

The Stoxx Europe 600 index SXXP, -1.26% slumped by 1.3% to end at 381.40, sufferings its biggest one-day percentage loss since June 25.

The U.K.’s FTSE 100 index UKX, -1.30%slid 1.3% to 7,591.96, while France’s CAC 40 index PX1, -1.48% dropped 1.5% to 5,353.93. Germany’s DAX 30 index DAX, -1.53% lost 1.5% to 12,417.13.

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