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Stocks extend losses as Hong Kong bill fuels trade fears

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Stock markets extended recent losses Thursday after US lawmakers passed a bill supporting civil rights in embattled Hong Kong, jeopardising delicate Chinese-American trade talks as Beijing threatened to fight back. 'A third day in the red for equity markets as the US-China trade deal, or lack of

Stock markets extended recent losses Thursday after US lawmakers passed a bill supporting civil rights in embattled Hong Kong, jeopardising delicate Chinese-American trade talks as Beijing threatened to fight back.

China on Thursday accused the United States of seeking to"destroy" Hong Kong and threatened retaliation after Congress passed legislation supporting the pro-democracy movement that has thrown the city into nearly six months of turmoil. The OECD grouping of the world's wealthiest nations on Thursday said it had trimmed its 2020 global economic growth forecast and said it did not see a strong rebound in 2021 owing to risks stemming from trade tensions.

 

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