BEIJING – Stock markets mostly fell Friday as investors gauged whether renewed China-U.S. tensions might lead to a “Black Friday” sell-off, and with U.S. traders largely out for a long weekend.
U.S. financial markets were closed Thursday for the Thanksgiving holiday and will have a half-day session on Friday.
After Asian indexes closed lower, Britain’s FTSE 100 dropped 0.2% to 7,402 and the CAC 40 in Paris edged up 0.1% to 5,920. Germany’s DAX recovered from losses on the open to trade 0.2% higher at 13,266.
U.S. futures were lower, with the contract for the Dow Jones Industrial Average and the S&P 500 both down 0.2%.
Stock benchmarks have largely fallen since U.S. President Donald Trump signed legislation supporting human rights in Hong Kong, potentially increasing tensions as the U.S. and China negotiate over ending their trade war.
New U.S. tariffs are set to kick in on many Chinese-made products as of Dec. 15. Negotiators have said they might soon have a preliminary deal that could avert that.
Beijing reacted with fury but no specific retaliatory measures Thursday to Trump’s decision. Since the bills got nearly unanimous approval by both houses of Congress his decision was not unexpected.
China has stayed silent on the issue of whether the U.S. move, viewed as meddling in internal Chinese affairs, might derail the trade talks.