World stocks fall on US-China tension and Covid-19 lockdowns
Tension grew between the US and China after the US rejected China’s disputed claims to offshore resources in most of the South China Sea
14 July 2020 - 11:24
London/Singapore — Global stocks slipped on Tuesday, oil sagged and a safety bid supported the dollar as simmering China-US tensions and new coronavirus restrictions in California kept a lid on investor optimism with earnings season getting under way.
MSCI’s all-country world Index edged down 0.4%, after touching a 20-week high on Monday. The pan-European Stoxx 600 opened 1.5% lower and was heading for its worst day in 14 sessions after technology stocks dropped 3.4%. This followed a slump a day earlier in the tech-heavy Nasdaq...
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