World stocks stall as China condemns US support for Hong Kong

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

South Africa Headlines News

A new US law supporting Hong Kong hurt the upbeat mood over trade talks; the pound gained after a poll showed Conservatives well ahead

London — A four-day rally that had lifted world stocks to near-record highs stalled on Thursday as a US bill backing Hong Kong’s protesters became law, provoking China’s ire and threatening to derail an interim trade deal between Washington and Beijing.

“The risk-off moves clearly reflect a concern that this could be an impediment to the phase-one trade deal, which is now widely expected,” said Adam Cole, a strategist at RBC Capital Markets. “People don’t want to be caught on the wrong side,” said Geoff Yu, head of the UK investment office at UBS Wealth Management. “It does reflect there’s cash on the sidelines. If you can stretch the positive narrative, if the trade issue is out of the way for the time being, we might actually see demand pick up.”


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EDITORIAL: Return to normalcy in Hong Kong best the world can hope forIt is critical that in the aftermath of a clear victory by prodemocracy forces in local elections, the government comes up with a progressive deal
Source: BDliveSA - 🏆 12. / 63 Read more »

Another Hong Kong stock crash exposes its wild market volatilityChina First Capital Group plunged as much as 78% on Wednesday before trading was suspended — last week, ArtGo Holdings plummeted 98%
Source: BDliveSA - 🏆 12. / 63 Read more »

No concessions from Hong Kong leader despite election setback | IOL NewsEmbattled Hong Kong leader Carrie Lam has refused to offer any concessions to anti-government protesters despite a local election trouncing.
Source: IOL - 🏆 46. / 51 Read more »

What the Hong Kong CEO said after the humiliating electionCarrie Lam promises to ‘listen humbly’ to voters after the pro-democracy camp’s victory revealed the protesters’ broad support
Source: BDliveSA - 🏆 12. / 63 Read more »

Asian shares falter amid Hong Kong tensionsNew US law backing pro-democracy activists in the city has angered China
Source: BDliveSA - 🏆 12. / 63 Read more »

CARTOON: Hong Kong’s democracy tsunamiTuesday, November 26 2019
Source: BDliveSA - 🏆 12. / 63 Read more »