Trump’s China tariffs threat rocks British stocks [MarketWatch]
HARGREAVES LANSDOWN ADR (HRGLY)
NASDAQ:AMEX Investor Relations:
hl.co.uk/investor-relations
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Source: MarketWatch
Trump’s China tariffs threat rocks British stocks British stocks took a hammering on Friday as Donald Trump threatened fresh tariffs on a further $300 billion of Chinese goods. The FTSE 100 UKX, -1.78% plunged 1.6% and a more domestically-focused FTSE 250 MCX, -1.23% fell 1.1% after the U.S. President escalated the trade war. Only 12 of the 100 companies on the blue-chip index made gains on a terrible morning for global stocks. What’s moving the markets? Donald Trump announced fresh 10% tariffs on a further $300 billion of Chinese goods on Thursday, sending markets plummeting. In a surprise Tweet, Trump said the tariffs — on the remaining Chinese products coming into the U.S. — would be enforced from 1 September. Asian markets tumbled following the President’s intervention, which paved the way for the painful opening in London. See also: New Trump tariffs threaten U.S. consumer, spelling wider trouble for stocks, analysts say Miners and utilities stocks were the only ones to
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