Worries about new customs dispute: China worries burden: Dow goes deep red in the weekend message

—The Dow Jones opened the day deeper and expanded the losses significantly in the further course. Ultimately, it went 2.53 percent weaker at 23,728.63 units in the weekend. On Wednesday, the index had risen to its highest level in seven weeks. The previous day, profit taking had started.

The quarterly figures of some heavyweights such as Amazon, Chevron and ExxonMobil were not well received by investors. In addition, Brians feared that the tensions between the United States and China would flare up again due to the corona virus.

Traders referred to a recent tightening of the rhetoric of the US president to justify the price losses Donald Trump towards China because of the coronavirus crisis. This has raised concerns about a renewed boiling up of the customs dispute. For example, citing a person familiar with the matter, the Bloomberg news agency reported that Trump was considering banning a government pension fund from investing in Chinese stocks.

“The mood for stocks is back on track,” wrote analyst David Madden, referring to Trump’s statement. With 30 million unemployed in the United States as a result of the corona crisis, the US president is trying to blame China for the pandemic. A new trade dispute between the two countries could now threaten.

Editorial office finanzen.net / dpa-AFX

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