US stocks edged lower Friday following signs that China's economic recovery my be more fragile than hoped.
China's government did not set an annual economic target for the nation for the first time in decades amid the coronavirus pandemic.Tensions between the US and China flared again after Beijing said it would impose new national security legislation's in Hong Kong.US stocks edged lower on Friday as investors weighed signs that China's economic recovery may not be as strong as previously hoped.for the first time in decades amid uncertainty from the coronavirus pandemic.
Renewed tensions between Washington and Beijing also impacted sentiment. China proposed new security legislation in Hong Kong that would threaten the financial hub and could cause further issues with the US. On Thursday, President Donald Trump said the US would react strongly if China were to impose the national security legislation in Hong Kong.
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