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Kalkine Media ASX Share Market News & Research

Broader equity indices of the UK are stutter as US President sings “Hong Kong Bill”

November 28, 2019 04:36 PM GMT | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

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US President Donald Trump jolted market in Asia and Europe by signing the Hong Kong Human Rights and Democracy Act, together with this he also signed an order, not to export crowd control tears gas to China. The move further escalated complex trade negotiation between the two countries. The development dragged broader index of the UK, the FTSE 100, which was down 27 points or 0.36% to 7,402.85 (before the market close at 02:04 PM GMT). The index touched an intraday high of 7,429.78 and a low of 7,385.32, respectively. However, the mid-cap index managed to trade in green and was up marginally by 15 points or 0.07% to 20,969.30. The index witnessed large swings during the day session (before the market close at 02:06 PM GMT), as it tested an intraday high of 21,010 and a low of 20,888.65, respectively.

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