Global markets suffer as concern about trade conflict grows
Reuters reports that the US administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision
London — World shares made it four days in the red in the last five on Thursday as concerns grew that the China-US trade conflict was fast turning into a technology cold war between the world's two largest economies. Asian stocks caved to a four-month low as the rhetoric between Beijing and Washington remained fierce while Europe's bourses also fell as Brexit worries and gloomy data from Germany and the eurozone added to the nerves. US stock futures also pointed to a weak start with the S&P 500 e-minis faltering 0.5%. Investors worry that the US-China trade dispute, which has already hurt global growth and business investment, could see a further sharp escalation with no signs of a resolution as yet. Late on Wednesday, Reuters reported the US administration was considering Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country's treatment of its Uighur Muslim minority, according to a person briefed on the matter. After the US placed Huawei on a trade bla...
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