Global stocks slid further on Thursday as the standoff between the world’s two largest economies extended beyond trade, reducing the odds of a “phase-one” deal this year and forcing investors to seek shelter in safe-haven assets.
| The U.S. House of Representatives on Wednesday passed two bills intended to support protesters in Hong Kong and send a warning to China about human rights.
| With U.S. President Donald Trump seen likely to sign the bill, Deutsche Bank strategist Jim Reid said this “could risk progress towards a phase one trade deal”.
| European shares extended their losses from Wednesday with the pan-European STOXX 600 and the trade-sensitive Germany’s DAX 30 both sliding 0.7% to fresh two-week lows.
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