MARKET OPEN: 'Political provocation' tempers investor optimism

Thu, 23 Jul 2020

Heightened US-China tensions may keep a lid on domestic investor enthusiasm today, although talk of more US stimulus and ongoing optimism about a vaccine continues to provide a tailwind for equity markets. The US has ordered China to close its consulate in Houston, Texas, by Friday – something described as "political provocation" by Beijing, the BBC reported. According to the report, US Secretary of State Mike Pompeo said the decision was taken because China was "stealing" intellectual property. The move came after the US Department of...

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