image credit: Unsplash

European stocks fall on rising U.S.-China tensions

May 29, 2020

European stocks fell on Friday, with investors nervous ahead of a press conference by U.S. President Donald Trump over China and as tensions rise between the countries, first over the coronavirus and now over Beijing’s fresh crackdown on Hong Kong.

Breaking a four-session win streak, the Stoxx Europe 600 index SXXP, -0.81% fell 1% to 351.63 after a gain of 1.6% on Thursday. For the week to Thursday, the index has gained 4.5% as investors have grown more hopeful that country reopenings will help to restart the global economy.

Read More on Market Watch