Trump said not to worry about China but the market doesn’t quite believe it. A Dutch company took over a Chinese chipmaker and now China has sanctioned five US subsidiaries of South Korean shipbuilder Hanwha Ocean.
That has the market wondering if things wont’ get worse before the November 1 deadline set by Trump and China.
So far, Friday’s lows are holding.
Big losers include:
- INTC -6%
- GS -4.9%
- ORCL -4.3%
- FCX -4.1%
- AVGO -3.8%
- TSLA -3.7%
- AMZN -2.8%
This article was written by Adam Button at investinglive.com.