Stocks – U.S. Futures Slump as Hong Kong Chaos Rattles Investors 

This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXMPEA5N0R4_M.jpg
© Reuters. © Reuters.

Investing.com – U.S. futures slumped on Monday, as worsening unrest in Hong Kong caused market jitters and hopes for trade detente between the U.S. and China receded.

U.S. President Donald Trump said on Friday that he had not agreed to end tariffs on Chinese goods as part of a trade deal, as was claimed by the Chinese Commerce Ministry earlier last week.

“They’d like to have a roll back but I’ve not agreed to anything,” he told reporters, referring to China.

Meanwhile tensions in Hong Kong surged after police opened fire on protesters who had tried to block roads and delay trains during the morning commute. One man was shot and sent to hospital in critical condition.

were down 35 points or 0.4% by 6:49 AM ET (10:49 GMT), while slumped 104 points or 0.4% and dipped 10 points or 0.3%.

Stocks sensitive to trade news were lower in premarket trade. Apple (NASDAQ:) fell 0.7%, while Qualcomm (NASDAQ:) slumped 2% and Micron (NASDAQ:) was down 1.3%.

Goldman Sachs (NYSE:) slipped 0.5% as it faced a gender discrimination probe by the New York Department of Financial Services into its credit card practices, caused by a series of tweets from the creator of web application framework Ruby on Rails. David Heinemeier Hansson claims Goldman Sachs approved an Apple (NASDAQ:) Card with 20 times the credit limit of his wife, despite his wife having a better credit score.

GW Pharmaceuticals (NASDAQ:) inched up 0.5% after two of the company’s cannabis-based medications were recommended for use by the U.K.’s NHS for the first time.

The bond market is closed in observance of Veterans Day.

In commodities, rose 0.2% to $1,466.45 a troy ounce, while the , which measures the greenback against a basket of six major currencies, was down 0.1% to 98.125. declined 1.4% to $56.42 a barrel.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment