World stocks stall as China condemns US support for Hong Kong
A new US law supporting Hong Kong hurt the upbeat mood over trade talks; the pound gained after a poll showed Conservatives well ahead
28 November 2019 - 11:57
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.
Fading hopes of a rapprochement between the world’s two biggest economies before additional, potentially damaging tariff hikes kick in, also helped safe-haven assets such as US and German bonds, and lifted the yen from six-month lows...
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