European markets open higher

European markets opened higher on Wednesday with investors appearing to brush off escalating trade tensions between the U.S. and China.

The Stoxx 600 index opened 0.17 percent higher with most sectors in positive territory.

European markets are following positive sentiment seen in Asia, where markets rose on Wednesday despite the U.S.’ decision to implement a 10 percent tariff on $200 billion worth of Chinese imports.

In response, China announced tariffs targeting more than 5,000 U.S. products worth about $60 billion, will go into effect on September 24. The country has also filed a complaint to the World Trade Organization (WTO) against the U.S.

Meanwhile, President Trump appeared to leave the door open for negotiations with China, telling reporters during a visit with Poland’s president that the U.S. may make a deal at some point with China and that his country is always open to talking.

In other Asia news, North Korean leader Kim Jong Un’s meeting with South Korean President Moon Jae-in to discuss denuclearisation appears to have been successful.

North Korea has agreed to “permanently” abolish its key missile facilities in the presence of foreign experts , and is willing to close its main nuclear complex if the United States takes reciprocal action South Korea’s President Moon Jae-in said Wednesday, Reuters reported.

Elsewhere, European leaders will be arriving in Austria on Wednesday ahead of an informal summit at which immigration and Brexit are expected to be the main subjects of discussion. U.K. Prime Minister Theresa May is reported to be ready to call on the EU to show “goodwill and determination” to avoid a disorderly Brexit, an unnamed senior source told Reuters on Tuesday.

Recent reports suggest French President Emmanuel Macron is preparing to use Thursday’s meeting to encourage EU leaders to support U.K. proposals for a post-Brexit deal. An entire summit dedicated to Brexit talks is expected in November.