NEW YORK: Wall Street stocks fell on Tuesday as congressional Democrats moved towards launching formal impeachment proceedings against President Donald Trump, while the British pound gained on a sweeping court ruling that dimmed the chances for a no-deal Brexit.
Worries about trade were amplified when Trump, in a United Nations speech, adopted a hard line on China ahead of key trade talks next month. Art Hogan, chief market strategist at National Securities, said the push towards impeachment added to investor unease.Channel NewsAsia - Sentifi topic widgetEarlier, the British pound gained against the dollar and euro after Britain's Supreme Court ruled Prime Minister Boris Johnson's suspension of parliament was unlawful.
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