White House looking to limit Chinese stocks within government pension fund - Bloomberg

Eren Sengezer FXStreet

Citing sources familiar with the matter, Bloomberg on Tuesday reported that the Trump administration was looking to limit Chinese stocks within the government pension fund.

With the initial market reaction to this development, the 10-year United States (US) Treasury bond yield extended its slide and was last down 2.22% on the day at 1.528%. Reflecting the dismal market mood, the S&P 500 Futures continued to push lower and is now losing 0.6% on a daily basis, suggesting that Wall Street's main indexes will start the day deep in the negative territory.

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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