Global markets sank Friday as investors waited for Trump's response to Beijing's security law on Hong Kong. In the end, Trump ended Hong Kong's special trade status and suspended visas of some Chinese students but avoided pulling out of a truce in a tariff war with Beijing that weighs on global growth."Markets may draw hollow consolation that the U.S. is treading carefully," said Mizuho Bank in a report. However, it warned, relief may be "set to evaporate.
U.S.-Chinese tension has weighed on investor optimism about the global economy's recovery from its deepest slump since the 1930s. The Dow Jones Industrial Average fell 0.1% to 25,383.11. The Nasdaq composite, which is heavily weighted with technology stocks, gained 1.3% to 9,489.87. On Friday, Trump said Washington would begin eliminating agreements that gave Hong Kong privileges that China lacked, including exemption from some import controls.
With America in flames and the US economy teetering on the brink we need all oars in the economic waters to get the world out of this mess. Any disruption to supply chains or restocking retailers can not be tolerated. Trump has mishandled the economy badly
Did you really use the word 'igniting' at this time? 😏