European stock markets end Tuesday mostly lower

Stoxx 600 down 0.37%, Germany's DAX falls 0.62%, France's CAC declines 0.18%, while UK's FTSE rises 0.1%

By Mucahithan Avcioglu

ISTANBUL (AA) - European stocks closed the second trading day of the week with losses, except for the UK, amid trade uncertainties between the US and China.

The pan-European Stoxx 600 index lost 0.37%, or 2.09 points, to close Tuesday at 564.54.

Germany's DAX 40 index was down 0.62% to end at 24,236.94 points, and France's CAC 40 fell 0.18% to 7,919.62.

Italy's FTSE MIB index declined 0.22% to close at 42,075.66 points.

On the other hand, Britain's FTSE 100 index rose 0.1% to 9,452.77 points.

Investors in European stock markets were focused on the renewed escalation of the trade dispute between the US and China.

China on Tuesday imposed sanctions on five US-linked South Korean companies, including Hanwha Marine Corporation, in response to Washington's probe into China's maritime, logistics, and shipbuilding industries.

Beijing's move followed Washington's imposition of new port fees on Chinese-built or operated ships. China also announced last week that starting Tuesday, it will charge US ships for docking at Chinese ports in retaliation for Washington's imposition of fees on Chinese vessels entering US ports.

On the data side, Germany's annual inflation rate was at 2.4% in September, up from 2.2% in August.

The unemployment rate in the UK was at 4.8% in the period of June-August, up from 4.7% in the May-June period.

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