US Pres. Trump weighing sanctions targeting China's financial sector – Bloomberg

Eren Sengezer FXStreet

US President Donald Trump is weighing sanctions that target China's financial sector through sanctions and trade policy over Hong Kong, Reuters reported on Friday, citing a tweet by a Bloomberg reporter.

At 1800 GMT, President Trump is scheduled to hold a news conference.

Market reaction

This headline doesn't seem to be having a significant impact on market sentiment. As of writing, the Dow Jones Industrial Average and the S&P 500 were down 0.95% and 0.55%, respectively. On the other hand, Nasdaq Composite was up 0.25% at 9,440 points.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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