World shares skid on view trade spat morphing into tech cold war [Reuters (UK)]
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Source: Reuters
Trade woes sink shares, Brexit weighs on sterling - Reuters 5 Min Read LONDON (Reuters) - World shares made it four days in the red in the last five on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war between the world’s two largest economies. Asian stocks caved to a four-month low as the rhetoric between Beijing and Washington remained fierce while Europe’s bourses also fell as Brexit worries and gloomy data from Germany and the euro zone added to the nerves. U.S. stock futures also pointed to a weak start with the S&P 500 e-minis faltering 0.5%. Investors worry that the U.S.-China trade dispute, which has already hurt global growth and business investment, could see a further sharp escalation with no signs of a resolution as yet. Late Wednesday, Reuters reported the U.S. administration was considering Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country’s treatment of its Uighur Muslim minority, a
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