European stocks lose nearly all of Monday’s rally after rough Wall Street restart

European stocks reversed ground on Tuesday as a brief rally when U.S. markets were shut dissipated in the face of more tech stock selling.

“European equity markets are deep in the red this afternoon as the continued weakness in U.S. markets and the rise in tensions between the Trump administration and China has hurt confidence,” said David Madden, market analyst at CMC Markets UK. “The weakness that we saw in big US tech names last week, is still in play, and that is driving sentiment over here.”

Electricite de France EDF, -7.96% fell after announcing a convertible “green” bond of 2.4 billion euros, the largest convertible green bond ever.

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