Stocks fell on Friday after reports the White House is considering curbing U.S. investment in China.
Curbing investment in China
U.S. equity markets reversed early gains and sank after reports that the White House is now considering limits to U.S. investment in China. Stocks with exposure to China including Boeing and Apple fell following the news of the administration's considerations, which if pursued could endanger billions of dollars in investments tied to major indexes and escalate the trade war. Chinese stocks trading on U.S. exchanges dropped on fears they could be delisted, with shares of Alibaba losing 5%.
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