The S&P 500 fell about half a percent. Shares in Europe were also lower after a mixed day in Asia. Investors were bracing for President Trump to unveil measures aimed at China. The Trump administration has criticized Beijing’s recent move to strengthen its authority over Hong Kong, a semiautonomous Chinese city that enjoys special trade and financial relations with the United States. Any sharp move by the administration risks inviting retaliation from Beijing, worsening tensions between the world’s two biggest single economies.

Source: New York Times May 29, 2020 09:01 UTC