Wall Street drops after reports that Trump is considering delisting Chinese firms from U.S. exchanges. More:
NYSE declined to comment on Friday, while Nasdaq, MSCI, S&P and FTSE Russell did not immediately respond to requests for comment., fell against the dollar after the news to trade near its weakest against the greenback in about three weeks.Trade talks between the United States and China are expected to be held Oct. 10-11 after months of tit-for-tat moves by both sides which have weakened global growth and driven rollercoaster moves in markets.
The source said there are longstanding concerns about U.S. capital enabling these activities, especially as the lines blur between state-owned and private companies in China. “They want to make a deal very badly... It could happen sooner than you think,” he told reporters in New York on Wednesday. FILE PHOTO: U.S. President Donald Trump arrives for a photo opportunity with sheriffs from across the country on the South Lawn of the White House in Washington, U.S., September 26, 2019. REUTERS/Erin Scott
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