Stocks are dropping after China hints at retaliation after the US blacklisted Chinese tech firms

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Stocks are dropping after China hints at retaliation after the US blacklisted Chinese tech firms
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China's foreign ministry told reporters to 'stay tuned' for a response, tempering hopes the two countries will strike a trade deal in talks this week.

European stocks and US futures dropped on Tuesday after the US blacklisted Chinese technology companies over alleged human rights abuses, prompting China to hint it could retaliate. The Trump administration added video-surveillance giants Hangzhou Hikvision and Zhejiang Dahua, Alibaba-backed AI titans SenseTime, and Megvii, and other Chinese companies to the list of firms that require a US government license to do business with US companies.

European stocks and US futures dropped on Tuesday after the US blacklisted Chinese technology companies over alleged human rights abuses, prompting China to hint it could retaliate. The Trump administration added video-surveillance giants Hangzhou Hikvision and Zhejiang Dahua, Alibaba-backed AI titans SenseTime, and Megvii, and other Chinese companies to the list of firms that require a US government license to do business with US companies.

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