Shares Down on Renewed China-US Jitters10/14 05:12

   Shares fell Tuesday in European and most Asian markets as new Chinese 
sanctions against the U.S. subsidiaries of a major South Korean shipbuilder 
shook a fragile sense of calm over trade tensions with Washington.

   TOKYO (AP) -- Shares fell Tuesday in European and most Asian markets as new 
Chinese sanctions against the U.S. subsidiaries of a major South Korean 
shipbuilder shook a fragile sense of calm over trade tensions with Washington.

   France's CAC 40 declined 0.8% in early trading to 7,873.25, while the German 
DAX lost nearly 0.9% to 24,181.83. Britain's FTSE 100 shed 0.2% to 9,426.92.

   The future for the S&P 500 lost 0.8% while that for the Dow Jones Industrial 
Average was down 0.5%. On Monday, the S&P 500 jumped 1.6% to recover more than 
half its drop from Friday. The Dow Jones Industrial Average surged 1.3% and the 
Nasdaq composite gained 2.2%.

   Investors will be watching for comments by U.S. Federal Reserve chair Jerome 
Powell to a meeting later Tuesday of the National Association for Business 
Economics.

   During Tuesday trading, Japan's benchmark Nikkei 225 dropped 2.6% to finish 
at 46,847.32. The slide reversed a rally last week in Tokyo after conservative 
lawmaker Sanae Takaichi was chosen to lead the country's ruling Liberal 
Democratic Party.

   The subsequent collapse of the LDP's 26-year-old coalition with the 
Buddhist-backed Komeito has cast doubt over whether Takaichi will become 
Japan's first female prime minister and added to political uncertainty.

   The renewed sense of unease over the state of China-U.S. trade tensions 
pulled benchmarks in Hong Kong and Shanghai lower.

   Hong Kong's Hang Seng lost 1.7% to 25,441.35, while the Shanghai Composite 
shed 0.6% to 3,865.23.

   Markets had calmed Monday after President Donald Trump wrote on his Truth 
Social media platform Sunday, "Don't worry about China. " On Friday, Trump 
helped spur a sell-off after he threatened to hike tariffs on China by 100% in 
reaction to Beijing's latest controls on exports of rare earths.

   On Tuesday, China's Commerce Ministry said it was banning dealings by 
Chinese companies with five subsidiaries of South Korean shipbuilder Hanwha 
Ocean, swiping at Trump's efforts to rebuild the industry in America.

   South Korea and the U.S. have been building closer ties in shipbuilding in 
response to China's dominance as the world's largest shipbuilder. Hanwha 
acquired the Philly Shipyard in Pennsylvania last year and has contracts with 
the U.S. Navy to perform maintenance, repair and overhaul work for U.S. naval 
vessels.

   Hanwha Ocean's shares fell 5.8% in Seoul on Tuesday and the benchmark Kospi 
lost 0.6% to 3,561.81.

   Australia's S&P/ASX 200 rose nearly 0.2% to 8,899.40.

   In energy trading, benchmark U.S. crude lost $1.21 to $58.28 a barrel. Brent 
crude, the international standard, fell $1.27 to $62.05 a barrel.

   In currency trading, the U.S. dollar fell to 152.03 Japanese yen from 152.29 
yen. The euro cost $1.1557, down from $1.1569.