European stocks dip as US sanctions on Huawei add to trade anxiety

European shares retreated on Thursday after Washington blacklisted Chinese telecoms giant Huawei, adding another confrontational element to the US-China trade dispute.

The STOXX 600 index fell 0.4 per cent by 0727 GMT with losses led by Germany’s DAX, which is sensitive to tariff and China-related news.

The US Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates to its Entity List, which bans the company from acquiring components and technology from US firms without government approval.