European stocks open down after Wall Street sell-off

London's benchmark FTSE 100 index dropped 0.6 percent to 7,336.30 points compared with Tuesday's close.

European stocks open down after Wall Street sell-off

World Bulletin / News Desk

Europe's stock markets slid at the open on Wednesday following a Wall Street sell-off triggered by fears over President Donald Trump's ability to implement his infrastructure and tax plans.

In the eurozone, Frankfurt's DAX 30 fell 0.8 percent to 11,870.78 points and the Paris CAC 40 lost 0.7 percent to 4,969.11 .

The US and European sell-off was mirrored in Asia, where Tokyo ended more than two percent lower, while Hong Kong shed 1.4 percent in the afternoon and Shanghai closed down 0.5 percent.

Sydney was 1.6 percent lower, Singapore shed 1.2 percent and Seoul slipped 0.5 percent. Wellington, Taipei, Manila and Jakarta also suffered hefty losses.

Markets have boomed in anticipation of Trump's plans to cut taxes and boost infrastructure spending, but he is currently struggling to force through health reforms, raising doubts that will have the political capital required to pass his economic reforms. 

Wall Street suffered its biggest losses this year, with the Dow Jones index shedding 1.14 percent by Tuesday's close.

Güncelleme Tarihi: 22 Mart 2017, 12:23