· Stocks pulled back on Wednesday as trade worries increased while declines in Qualcomm and retailer shares also dampened market sentiment.
The Dow Jones Industrial Average fell 100.72 points to 25,776.61 as Apple lagged. The S&P 500 slipped 0.3% to 2,856.27, with the tech sector sliding 0.6%. The Nasdaq Composite declined by 0.5% to 7,750.84.
· Treasury Secretary Steven Mnuchin told CNBC’s Ylan Mui that a trip to Beijing to retake trade negotiations has not been scheduled yet. This lowered hope of a speedy resolution to the U.S.-China trade war. Adding to the negative sentiment, President Donald Trump said he would not work with Democrats on an infrastructure bill if they kept investigating him.
· European markets traded lower Wednesday as investors monitored the increasing involvement of technology giants in the U.S.-China trade war.
The pan-European STOXX 600 closed provisionally around 0.15% lower, banks showing a 1.45% drop while technology stocks led gains, rising 1.24%.
· Asia markets declined in Thursday morning trade as investors worried about the ongoing trade tensions between the United States and China.
The Nikkei 225 in Japan slipped 0.54% in early trade. Shares of index heavyweight and conglomerate Softbank Group plunged more than 3.5% after sources told Reuters that U.S. Justice Department staff have recommended blocking a deal between T-Mobile and rival Sprint.
In South Korea, the Kospi slipped 0.31%, while Australia’s ASX 200 declined 0.19%.
Reference: CNBC
Thai
Eng