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European stocks open lower after Asia slips amid tax reform doubt

European stocks opened mostly down after Asian markets followed U.S. shares lower amid uncertainty over the fate of the U.S. tax reform package.

Germany's DAX fell almost 0.4% by 9:46 a.m. in London and the CAC 40 slipped 0.3% in Paris. The FTSE 100 was little changed.

Earlier, Hong Kong's benchmark Hang Seng Index closed 1.09% lower at 28848.11, after dropping by as much as 1.46%. Chinese stocks also retreated, following a money market interest rate hike by the central bank a day before. The Shanghai Composite closed 0.8% lower at a level of 3,266.14.

Japan's Nikkei 225 shed 0.62% on the day to 22,553.22, the lowest level in more than a week, as the technology sector sagged.