US: Stocks fall amid rising China tensions

Wall Street stocks fell for a second session in a row Friday on rising US-China tensions and worries that equities have gotten overvalued.[NEW YORK] Wall Street stocks fell for a second session in a row Friday on rising US-China tensions and worries that equities have gotten overvalued.

Beijing ordered the US consulate in Chengdu to shut in retaliation for the closure of its own Houston mission. The move comes amid escalating tensions between the two countries over the coronavirus and China's crackdown on Hong Kong. Analysts also cited unease over the hefty gains by equities since March despite a highly uncertain US economic outlook due to the coronavirus that has led to many companies refraining from forecasting earnings.

"It's natural that people are starting to re-evaluate their expectations for forward earnings," said FHN Financial Chris Low."That gets people thinking about valuation."

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US stocks fall amid rising China tensionsNEW YORK (AFP) - Wall Street stocks fell for a second session in a row on Friday (July 24) on rising US-China tensions and worries that equities have gotten overvalued.. Read more at straitstimes.com.
แหล่ง: The Straits Times - 🏆 8. / 63 อ่านเพิ่มเติม »

Seoul: Stocks slip on recession, US-China worries[SEOUL] South Korean shares dropped on Thursday after data showed the country plunged into recession in the second quarter, while escalating US-China tensions further weighed on sentiment. Read more at The Business Times.
แหล่ง: BusinessTimes - 🏆 15. / 51 อ่านเพิ่มเติม »

Seoul: Stocks drop on China-US spat, virus worries[SEOUL] South Korean shares slid on Friday as investors fretted over escalating US-China tensions and surging Covid-19 cases. Read more at The Business Times.
แหล่ง: BusinessTimes - 🏆 15. / 51 อ่านเพิ่มเติม »

US: Stocks end down after jobless claims rise, Nasdaq -2.3%[NEW YORK] Wall Street stocks tumbled on Thursday, with highflying tech shares falling especially hard as a jump in jobless claims exacerbated worries about economic weakness. Read more at The Business Times.
แหล่ง: BusinessTimes - 🏆 15. / 51 อ่านเพิ่มเติม »