Wall Street set to slip after U.S. law on Hong Kong rekindles trade fears

- U.S. stocks were set to open lower for the first time this week on Friday, as trade tensions resurfaced after China rebuked President Donald Trump’s decision to ratify a bill backing protesters in Hong Kong.

The legislation knocked global stocks off near-record highs on Thursday, when U.S. markets were closed for Thanksgiving Day. But sentiment took a hit after China said on Thursday it would take “firm counter measures” if the United States continues to interfere in Hong Kong.

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