(Bloomberg) — Just as early bets on an emerging-market recovery start fueling appetite for stocks and currencies, an old bugbear is reappearing to haunt investors: U.S.-China tensions.MSCI’s emerging-markets stock gauge moved into the red last week as China announced plans to impose a national security law on Hong Kong, deepening the friction between Washington and Beijing. Signs are mounting that President Donald Trump will make his tough-on-China stance a key element of his re-election bid. China’s Foreign Minister Wang Yi said Sunday some Americans are pushing the two countries toward a “new Cold War.”“The market mood had been rather constructive …read more
Source:: Yahoo Finance
