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Escalating US-China tensions are sending these ASX stocks jumping higher today – Motley Fool Australia
News that China ordered the closure of the US consulate in Chengdu is adding to the gloom on markets, but it sent two ASX stocks jumping higher today.
News that China ordered the closure of the US consulate in Chengdu is adding to the gloom on markets, but it sent two ASX stocks jumping higher today.
The S&P/ASX 200 Index (Index:^AXJO) fell 1.3% ahead of the close with nearly every sector losing ground while the S&P 500 Index (INDEXSP: .INX) futures are pointing to a more than 1% drop for the US market.
China’s move is in retaliation for the US decision to shut the Chinese consulate in Houston, reported Bloomberg.
Worsening US-Sino …
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