image credit: Pixabay

World shares slide, spooked by China moves toward Hong Kong

May 22, 2020

Via: ABC News

BANGKOK — Shares slipped in Europe and Asia on Friday, led by a nearly 6% decline in Hong Kong after communist leaders in Beijing proposed legislation that could limit opposition activity in the former British colony.

For now, flaring tensions between the U.S. and China over Hong Kong and other issues appear to have eclipsed optimism over moves to reopen many economies stalled by the coronavirus pandemic.

Germany’s DAX shed 1.4% to 10,909.67 in early trading on Friday while the CAC 40 in Paris also lost 1.4%, to 4,382.26. Britain’s FTSE 100 skidded 1.8% to 5,906.69.

Read More on ABC News