Major European stock markets extended their losses on Friday as United States President Donald Trump's tariffs on imports and China's subsequent countermeasures continued to raise tensions and concerns of an open trade war.
The DAX nosedived by 5.04% or 1,093 points at 12:57 pm CET. The S&P 500 sank by 4.20% or 319 points. The Euro Stoxx 50 slid by 4.72% or 241 points. The FTSE 100 plunged by 4.92% or 332 points at 1:14 pm CET.
The euro stood flat against the dollar at 1:15 pm CET to sell for $1.10525. Meanwhile, the pound sterling lost 0.60% to the greenback to go for $1.30214.
