European shares fall following recent stand-off between US and China over Hong Kong rights bills
European shares pulled back from near-record highs on Thursday, as US President Donald Trump signed into law a bill backing protesters in Hong Kong, sparking doubts about a resolution to the prolonged tariff war between Washington and Beijing.
The pan-European STOXX 600 index was down 0.2 percent after closing on Wednesday just points away from a record high, as the latest stand=off threatens to derail trade negotiations between the world's top two economies. "I wouldn't go as far as to say that we're back at square one, but this clearly underlines the more structural tensions between the US and China," said Teeuwe Mevissen, senior market economist at Rabobank.
Investors are also closely watching economic indicators as Europe's powerhouse, Germany, teeters on the edge of recession. Data this week showed German business morale rose in November, but the manufacturing sector is still declining.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European markets seen lower as US and China clash over Hong KongEuropean markets are set to open lower on Thursday, as investors monitored friction between the U.S. and China over the Hong Kong protests.
Read more »
European shares retreat as U.S. law on Hong Kong sparks trade jittersEuropean shares pulled back from near-record highs on Thursday, as U.S. Presiden...
Read more »
Hong Kong activists call for global support after US lawsChanting “Stand with Hong Kong,” pro-democracy activists have urged the world to follow U.S. footsteps by passing laws backing human rights in the semi-autonomous Chinese territory
Read more »
China accuses US of 'sinister intentions' after Trump signs bills supporting Hong Kong protestersThe ministry emphasized that Hong Kong is part of China through the 'one country, two systems' policy, and that the special administration region's issues are internal affairs.
Read more »
China warns U.S. over Hong Kong law as thousands stage 'Thanksgiving' rallyChina warned the United States on Thursday that it would take 'firm counter...
Read more »
Majority of Americans favor US support to Hong Kong pro-democracy protesters: SurveyA new survey shows that a majority of Americans believe the United States should support pro-democracy protesters in Hong Kong.
Read more »