Industrial stocks tank after China sanctions Lockheed Martin, Boeing, and Raytheon over Taiwan sales | Markets Insider

, which boasts a heavier skew toward industrials than peer indexes. The benchmark sank more than 800 points at intraday lows, on pace for its worst day since early September.

China didn't specify the sanctions' timing or severity, only noting that the actions are"necessary measures to safeguard national sovereignty and security interests." The Trump administration has previously moved to pressure China through arms deals with Taiwan. China similarly sanctioned Lockheed Martin after the US approved a $620 million deal with Taiwan involving upgraded surface-to-air missiles in July..

china sanctioning US!!!

Thank you Lockheed Martin, Boeing and Raytheon! stay strong against the communists.

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