Hong Kong tensions unnerve world stocks, oil tumbles
Share:
LONDON (Reuters) - World stocks took a hit and the Chinese yuan weakened on Friday as Beijing moved to impose a new security law on Hong Kong after last year's pro-democracy unrest, further straining fast-deteriorating U.S.-China ties. These tensions plus news that China has dropped its annual growth target for the first time added to concern about the fallout from the COVID-19 pandemic, knocking oil prices down more than 4% and boosting safe-havens such as U.S. Treasuries . European shares..