Monday, 10 Aug 2020 10:32 PM MYT
The S&P 500 .SPX traded about a per cent below a record high, while the Nasdaq .IXIC hovered below a lifetime high after a series of new peaks last week. Tensions between Washington and Beijing were also at play, after Trump signed executive orders last week banning major Chinese technology firms in 45 days’ time while announcing sanctions on 11 Chinese and Hong Kong officials.
“I wouldn’t we surprised if the markets were to close off a little bit here and we start to see some unwinding in the favourites.”
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