Wall Street slides on report that US may curb investments in China
New York, Sep 27 (Sputnik/UNI) Stocks on Wall Street fell in volatile trading Friday after media reports surfaced that the Trump administration was studying ways to curb US investments into China.
Wall Street’s broad Dow index fell 0.3 per cent after Bloomberg reported that the White House was considering de-listing Chinese companies from local exchanges and examining limits on Chinese firms included in stock indexes managed by American firms.
Analysts said that investors struggled to understand the logic behind the purported White House move, which came just ahead of a scheduled resumption of talks to resolve the trade war between the two countries. US and Chinese trade negotiators are due to meet on Oct 10.
In addition, the S&P 500 was down 0.5 per cent, while the tech-heavy Nasdaq Composite slipped 1.1 per cent.
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