NEW YORK: Stock markets mostly slid on Monday (Tuesday in Manila) as traders reacted to worries about a US-China trade deal, renewed unrest in Hong Kong, a stronger pound and political impasse in Spain. After heavy declines in Asia, Europe headed south with London’s benchmark FTSE 100 index shedding 0.4 percent. Wall Street also retreated from records set last week, to close mostly lower, but off the day’s low point in quiet holiday trading, while the Dow got a boost from positive news from Boeing. “Stock markets are largely lower as traders are worried about the US-China trading relationship as well as the violence in Hong Kong,” said David Madden, analyst at traders CMC Markets UK. Asian markets turned sharply lower on Monday, while Hong Kong was hit also by fresh protests in which at least one person was shot.

Source: Manila Times November 12, 2019 17:58 UTC