European shares were largely flat on Monday as renewed U.S.-China tensions hit technology stocks, but a slowing decline in China's producer prices and rising oil prices limited losses.
Heavyweight technology index .SX8P fell 1.2%, capping gains in the broader market amid worries over the U.S-China rift ahead of a scheduled trade talks on Aug. 15 to review the agreement signed in January.
“President Trump’s decision is yet another one that could prompt a counter response and possible escalation from Beijing, with U.S. companies operating in Hong Kong and China, particularly vulnerable,” Michael Hewson, chief market analyst at CMC Markets, wrote in a note.
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