Wall Street drops; White House considers delisting Chinese companies

NEW YORK: U.S. stocks fell on Friday after reports that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges, raising worries about a further escalation in the U.S.-China trade war.

The tariff-sensitive Philadelphia semiconductor index extended its decline after the reports and ended down 2.4per cent on the day. The index was already under pressure from Micron Technology Inc's , which tumbled after it forecast a disappointing first-quarter profit. All three indexes ended lower for the week as well, with the S&P 500 and Nasdaq registering their biggest weekly percentage drops since August. The Cboe volatility index ended at a three-week high.

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Wall St drops as White House weighs delisting Chinese companiesNEW YORK (REUTERS) - US stocks slipped on Friday (Sept 27) after news that the Trump administration was considering delisting Chinese companies from US stock exchanges and limit US investments into China.. Read more at straitstimes.com.
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