European shares fell today as a deterioration in U.S.-China ties compounded fears of a slower recovery from the economic damage wreaked by the coronavirus pandemic. Beijing planned to impose a new security law in Hong Kong, raising prospects of fresh protests in the global financial hub and drawing a warning from U.S. President DonaldTrump that Washington would react "very strongly.'' The pan-European STOXX 600 fell by 1.4 percent. Asia-exposed stocks such as HSBC Holdings Plc tumbled by 5 percent and Prudential Plc sank by 8.3 percent. UK's FTSE 100 lagged its European peers with a 1.8 percent drop.
Source: The Standard May 22, 2020 09:10 UTC