Global stocks fall as investors brace for Trump to hit China with a 'bazooka'

Reuters

• Global stocks turned lower on Friday as investors prepare for fresh US-China intensification ahead of President Donald Trump's press conference on the new Hong Kong security law.
• Analysts said "Trump won't look good if he has the whole world watching him, and he produces a small water pistol and not a bazooka."
• Futures for the S&P 500 dropped 0.5%, while Hong Kong's Hang Seng index fell 0.7%.
• Oil prices also fell ahead of Trump's announcement. US oil benchmark WTI fell 3.5% to $32.51 a barrel, and Brent crude dropped 2.8% to $35.12.
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Global stocks fell on Friday ahead of expected developments in US-China strains as President Trump promised "interesting" action on the world's second-largest economy. 

Investor optimism faded as China rubber-stamped its new draconian security law on Hong Kong, which sent armed police flooding the streets to tackle pro-democracy protests in the administrative region. Trump is expected to respond harshly later on Friday.  

See the rest of the story at Business Insider

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