German stocks fell sharply on Wednesday on worries that tit-for-tat tariffs between the U.S. and China could hurt global growth.
Beijing vowed to take countermeasures after the U.S. proposed tariffs on an extra $200 billion of Chinese goods.
The benchmark DAX was down 159 points or 1.27 percent at 12,450 in opening deals after rising half a percent in the previous session.
Tariff worries weighed on the auto sector, with BMW, Daimler and Volkswagen losing 1-2 percent.
IT company Bechtle rallied 2.3 percent after announcing its intention to acquire the French IT provider Inmac Wstore S.A.S.
by P2PNews Staff Writer