US stocks set to slide as charges against Huawei ignite fears that China trade talks will fail
|01/29/2019||Posted by BusinessMediaguide.Com under General World News||
- The US Justice Department charged Chinese tech giant Huawei with bank fraud and conspiring to steal trade secrets, and it’s is not helping market sentiment.
- Asian markets closed with slight declines, European stocks were mixed and US futures are set to open lower.
- “The overriding fear is that this move will negatively impact trade talks, making a deal even less likely,” said one market analyst.
Global growth concerns already had investors on edge this week. The US Justice Department charging Chinese tech giant Huawei with fraud and IP theft is not helping.