European markets set for lower open as U.S.-China tensions dent sentiment
Tensions between the world's two largest economies have flared on multiple fronts in recent days. China is poised to impose afollowing months of anti-government protests, raising further questions about Beijing's control over the city and likely evoking the ire of the U.S. and other Western powers which supported pro-democracy protesters.g index plunging more than 5%.
Already engaged in a blame game over the coronavirus pandemic, discord between Washington and Beijing has spilled over into financial markets this week after thethat could restrict Chinese companies from listing on American exchanges unless they abide by U.S. regulatory and audit standards. A Chinese government official said Thursday that Beijing will not flinch in the face of any escalation of tensions with the U.S., but stressed that economic recovery and cooperation should be the priority, according to Reuters.
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