The New York Stock Exchange ended sharply lower on Monday, weakened by growing worries about the global economy as China now faces the trade war with the United States and tensions in Hong Kong. Its flagship index, the Dow Jones Industrial Average, lost 1.49% to 25,896.44 points. The Nasdaq fell 1.20% to 7,863.41 points and the broad S & P 500 index of 1.23% to 2,882.69 points.
"Regain of uncertainty about the situation in China"
After several shady sessions last week, this new dive "is caused by a renewed uncertainty about the situation in China, which must now lead two battles front, the trade war with the United States and the protests in Hong Kong" , advance Adam Sarhan of 50 Park Investment. "This greatly complicates the situation."
Hong Kong has plunged since early June into its worst political crisis since the surrender of the territory by London to China in 1997. And Hong Kong airport on Monday made the rare decision to cancel all its flights after thousands of pro-democracy protesters invaded the arrivals hall, while Beijing muscled his speech, saying they saw in their movement "signs of terrorism." "The market is worried about the possible ramifications of Chinese difficulties on the world economy," said Adam Sarhan.