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Reported consideration of limits on Chinese access to U.S. exchanges hits stocks

Reported consideration of limits on Chinese access to U.S. exchanges hits stocks”

That's according to sources, two of whom said the move would be part of a broader effort to limit US investment in Chinese companies. Europe's STOXX 600 index .STOXX fared better, adding 0.5% as London's bourse outperformed on a weaker pound and hopes grew of progress towards resolving the trade war. "China will not ever be (cowed) by threats, or subdued by pressure", he said.

"We welcome investment in the USA", the statement on Twitter read.

"The start of the impeachment inquiry adds a new element of uncertainties to markets, in addition to ongoing concerns about the U.S".

The two countries are locked in a tariff war and have been trying to set up new negotiations on trade reciprocity.

USA media reported around noon that White House officials were discussing curbs on US investors' portfolio flows into China, including possibly blocking all US financial investments in Chinese companies, according to Bloomberg. "It could happen sooner than you think", he told reporters in NY on Wednesday. London stocks .FTSE added 1%, with exporters buoyed by a weaker pound central bank policymaker hinted at a cut in United Kingdom interest rates.

The euro was pinned at its lowest level since May 2017, further helping export-oriented European stocks.

Trade talks between the United States and China are expected to be held October 10-11 after months of tit-for-tat moves by both sides which have weakened global growth and driven rollercoaster moves in markets.

"Around April, May time, the main sticking point was the enforcement mechanism - but we have retreated miles from that at this point".

However, according to the media reports, the Trump administration is unlikely to allow American firms to supply to Huawei Technologies in China.

The damage is already evident with Micron Technology Inc, a major Huawei supplier, which forecast first-quarter profit below Wall Street targets, pushing its share prices down 7 percent in after-hours trade.

That in turn hit chip-related shares in Asia such as Samsung Electronics, SK Hynix and Tokyo Electron.

In commodity markets, oil prices fell as concerns of slowing global demand growth and a faster-than-expected recovery in Saudi crude oil output eased worries over potential major supply disruptions.



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