This article is from the source 'nytimes' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.nytimes.com/2019/05/23/business/shares-stock-markets.html

The article has changed 10 times. There is an RSS feed of changes available.

Version 0 Version 1
Stocks Slide Over Worsening U.S.-China Trade Tensions Stocks Slide Over Worsening U.S.-China Trade Tensions
(about 2 hours later)
Tensions between the United States and China continued to weigh on global markets on Thursday, and Wall Street was expected to open lower. Stock opened lower on Wall Street as tensions between the United States and China continued to weigh on global markets on Thursday.
Investors appeared to be reacting to a growing sense that the trade war between Washington and Beijing would continue indefinitely and, indeed was worsening. The Trump administration has blacklisted the Chinese telecommunications giant Huawei over security concerns, prompting Google and mobile carriers to suspend ties with Huawei. Investors appeared to be reacting to a growing sense that the trade war between Washington and Beijing would continue indefinitely and, indeed was worsening. The Trump administration has blacklisted the Chinese telecommunications giant Huawei over security concerns, prompting Google and mobile carriers to limit their work with Huawei.
In Asia, major stock indexes closed broadly lower on Thursday. The Hang Seng in Hong Kong lost 1.6 percent, and the Shanghai Composite ended down 1.4 percent. The Trump administration is preparing to announce a substantial aid package for farmers as early as Thursday, in an effort to cushion the blow as the trade war drags on.
The trend was echoed in Europe, where the DAX in Frankfurt was trading 1.9 percent lower and the FTSE 100 in London slipped 1.6 percent. ■ The S&P 500 was down about one percent in early trading, with trade sensitive stocks falling further. An index of semiconductor makers, for example, fell more than 2 percent.
On Wall Street, futures contracts tied to the S&P 500 were down about 1 percent, forecasting a drop when trading starts. ■ In Asia, major stock indexes closed broadly lower on Thursday. The Hang Seng in Hong Kong lost 1.6 percent, and the Shanghai Composite ended down 1.4 percent.
In currency trading, the British pound has been sliding in value as expectations mount that Prime Minister Theresa May will resign, heightening uncertainties over Britain’s withdrawal from the European Union. The pound, which reached $1.33 in mid-March, fell as low as $1.26 on Thursday. ■ The trend was echoed in Europe, where the DAX in Frankfurt was trading 1.5 percent lower and the FTSE 100 in London slipped 1.3 percent. Automakers in Europe were among the worst performers in Europe, dropping as much as 3 percent.
■ In currency trading, the British pound has been sliding in value as expectations mount that Prime Minister Theresa May will resign, heightening uncertainties over Britain’s withdrawal from the European Union. The pound, which reached $1.33 in mid-March, fell as low as $1.26 on Thursday.
[Read more about why May faces calls to resign.]