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The pan-European STOXX 600 index (STOXX) was down 0.2% by 0717 GMT, with banks (SX7P), automakers (SXAP) and oil and gas firms (SXEP) leading declines.
U.S. President Donald Trump on Thursday moved to ban U.S. transactions with popular Chinese apps, Tencent’s WeChat and ByteDance’s Tiktok, knocking 1% off Asia Pacific shares.
European markets were relatively more resilient, but Amsterdam-listed Prosus (AS:PRX), with its biggest investment in Tencent (HK:0700), fell 5.8%.
British aero-engineer Rolls-Royce Holdings (L:RR) dropped 2.3% after a media report that activist shareholder ValueAct Capital Management sold its stake in the company.
Deutsche Telekom (DE:DTEGn), which owns 43% of T-Mobile (O:TMUS), rose 2.1% after the U.S. firm added more monthly phone subscribers than expected in the second quarter.
