Stocks drop with tech's continued slide, US-China tensions

A currency trader watches computer monitors near screens showing the Korean Securities Dealers Automated Quotations and the foreign exchange rate at the foreign exchange dealing room in Seoul, South Korea, Friday, July 24, 2020. Worsening China-U.S. friction, worries over aid to Americans and U.S. businesses and a stumble on Wall Street combined to push shares in Asia lower on Friday.

Stocks fell more sharply in Asian and European markets, and all the uncertainty helped gold top $1,900 per ounce, close to its record high. Treasury yields were holding relatively steady, but they remain close to their lowest levels since April.The coronavirus pandemic remains the most dominant force in markets, with its potential to destroy lives and economies. But other risks are bubbling up, headlined recently by worsening relations between the United States and China.

Technology stocks have also been in the spotlight, after a sharp slide for them on Thursday helped drag the S&P 500 to its worst loss in nearly four weeks. Apple fell 2.6%, and Microsoft lost 2.2%, and tech stocks as a group accounted for about two thirds of the S&P 500’s loss.

President Trump has directed his Administration to consider a range of actions to respond to China’s acts, policies, and practices involving the unfair and harmful acquisition of U.S. technology.

Trumps trade war puts Americans in the middle of it...

Your noticed that the markets don’t drop because of the decline of democratic values like GestapoTrump force in American cities.

Good, fuck china

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