Global stocks skid as Hong Kong returns as Sino-U.S. flashpoint
That followed a sharp selloff in Asia after China said it would impose new national security legislation on Hong Kong — sparking a warning from U.S. President Donald Trump that Washington would react “very strongly” against an attempt to gain more control over the former British colony.slid more than 5% to a seven-week low, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 2.7%.slipped 0.8%, while U.S.
Still, MSCI’s world stock index .MIWD00000PUS, is up around 2.5% this week as central bank stimulus in the face of the coronavirus shock underpins investor sentiment. “The relationship feels more in terminal decline now than it did 6-12 months ago. Maybe the answer to this puzzle lies in the central bank liquidity surge.”
Japan’s central bank on Friday unveiled a lending programme to channel nearly $280 billion to small businesses hit by the coronavirus. India slashed interest rates for a second time this year.
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