Wall Street stocks stabilize due to tension between China and America

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US stocks opened to stability on Friday, as investors placed hopes for more stimulus to revive the ailing economy in the face of deteriorating relations between the United States and China due to Beijing’s move to impose a national security law in Hong Kong.

The Dow Jones industrial average fell 12.14 points, or 0.05 percent, to 24,461.98 points.

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                    REUTERS / Kevin Lamarque

China: We are not terrified of facing any tension with America

The Standard & Poor’s 500 Index opened 0.46 points, or 0.02%, to 2948.05 points, while the Nasdaq Composite Index declined 6.33 points, or 0.07 percent, to 9278.55 points.

Relations between China and America were strained after the spread of the Corona pandemic in Wuhan, and Washington accused Beijing of delaying reporting or fabricating it in the laboratory and deliberately burning it.

Chinese Foreign Ministry Spokesman Zhao Lijiang announced earlier that his country urged the United States to immediately lift the sanctions against a Chinese logistic service company due to providing services to Iran’s Mahan Air.

“We have always opposed unilateral sanctions of the United States, and for a long time the international community has conducted legal cooperation under international law that must be respected,” Zhao Lijiang said at his press conference. .

The US Treasury announced that the Chinese company’s inclusion in the sanctions list is due to what it described as her work as general sales agent for Mahan Air.



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