Stock markets retreat as Trump triggers Chinese anger
London, Nov 28 (AFP/APP): Stock markets mostly fell Thursday as China-US trade talks took a jolt from a US law backing Hong Kong protests that has angered Beijing. US President Donald Trump signed into law a bi-partisan bill that voiced support for the pro-democracy protests, prompting a sharp response from Chinese officials. Global equities have been surging in recent weeks — with Wall Street hitting multiple records — on expectations the closely followed trade negotiations would result in a partial pact soon. “European stock markets are in the red today as US-China trade tensions have ticked up a little on the back of President Trump signing the Hong Kong bill,” said David Madden, analyst at CMC Markets UK. Life Tips by Mehreen: How to Combat Depression? “This is a new dimension to the US-China relationship, and it has the potential to derail the trade talks. Traders are fearful that China will lash-out at the US, which is why stocks are lower,” he added. The dollar dropped versus main rivals and oil prices were lower as well. Trump on Wednesday put his name to the Hong Kong Human Rights and Democracy Act, which requires the president to annually review the city’s … Continue reading Stock markets retreat as Trump triggers Chinese anger
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed