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Thursday, May 28, 2020 5:49:36 PM
Dow drops 100 points on U.S.-China tensions
https://www.cnbc.com/2020/05/27/us-stock-futures-flat-after-reopen-rally-puts-dow-back-above-25000.html
Trump’s announcement came after China’s National People’s Congress approved a national security bill for Hong Kong. The bill will bypass Hong Kong’s legislature, raising concerns over the longevity of Hong Kong’s “one party, two systems” principle, which allows additional freedoms mainland China does not have.
“If the HK response involves broad sanctions against individuals or entities, that would be a larger issue and not something the [market] could easily dismiss,” said Adam Crisafulli of Vital Knowledge, in a note. Stock valuations are “too high in general and leaves no room for error while investors aren’t paying enough attention to rising US-China tensions.”
China approves controversial national security bill for Hong Kong
Total initial unemployment claim over last 10 weeks
https://www.cnbc.com/2020/05/27/us-stock-futures-flat-after-reopen-rally-puts-dow-back-above-25000.html
Trump’s announcement came after China’s National People’s Congress approved a national security bill for Hong Kong. The bill will bypass Hong Kong’s legislature, raising concerns over the longevity of Hong Kong’s “one party, two systems” principle, which allows additional freedoms mainland China does not have.
“If the HK response involves broad sanctions against individuals or entities, that would be a larger issue and not something the [market] could easily dismiss,” said Adam Crisafulli of Vital Knowledge, in a note. Stock valuations are “too high in general and leaves no room for error while investors aren’t paying enough attention to rising US-China tensions.”
China approves controversial national security bill for Hong Kong
Total initial unemployment claim over last 10 weeks
My post is for Your Eyes only and my entertainment
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