"The US has ratcheted up pressure on China on several fronts and has sapped risk appetite ahead of the weekend," said Marc Chandler, managing director at Bannockburn Global Forex.
Cyclical sectors such as miners, travel & leisure and automakers have outperformed this week, helping the Stoxx 600 post its best week since April 10 on hopes that easing of coronavirus-driven lockdowns will spur a swifter economic recovery.
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Europe: Stocks hit by US-China tensions, recovery doubt[BENGALURU] European shares fell on Thursday, as signs of worsening US-China relations added to concerns over the pace of recovery from the coronavirus-led economic downturn. Read more at The Business Times.
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Asia stocks skid as Hong Kong returns as US-China flashpoint; STI falls 2.3%TOKYO (REUTERS) - Asia shares tumbled on Friday (May 22) as Hong Kong's political unrest returned as a flashpoint in fast-deteriorating US-China relations, following Beijing's moves to impose a new security law on the city.. Read more at straitstimes.com.
Källa: The Straits Times - 🏆 8. / 63 Läs mer »