New post
George Ma
May 30 08:38

New York stock exchange indices were changing; Trump will amend relations with Hong Kong

Dow Jones index fell by 0.52%, while the Nasdaq electronic exchange index rose by 0.10%.
Key indices of the New York Stock Exchange at the opening of the trading session on Friday changed in different directions due to market participants' anticipation of the announcement of the U.S. President Donald Trump's speech on relations with China.
As follows from the information on the trading platform website, immediately after the session started, the Dow Jones Industrial Index dropped by 132.94 points (-0.52%) to 25 267.70. The S&P 500 index, which includes the 500 largest companies on the U.S. market, fell by 8.97 points (-0.30%) and ended up at 3,020.76. The Nasdaq Equities Index rose 9.52 points (0.10%) to 9,378.51.
The value of July futures for WTI oil was at US$33.27 per barrel.
As noted by The Wall Street Journal, relations between the USA and China have aggravated in recent days due to the situation around Hong Kong. According to James Athey, Head of Portfolio Investment at Aberdeen Standard Investment, Trump may revise the special status of Hong Kong and introduce the same tariffs that apply to this city as those applied to China.

Edited: U.S. President Donald Trump has instructed his administration to begin the process of lifting the exceptions that ensure a special approach in relations with Hong Kong. He said this on Friday, speaking to journalists at the White House.