Trump considers the elimination of Chinese companies from United States stock exchanges

President Donald Trump steps off Air Force One after arriving at Andrews Air Force Base Thursday Sept. 26 2019 in Andrews Air Force Base Md

China Stocks Plunge as White House Weighs Investment Curbs

The White House has sought to force China to change its economic practices and remove its limits on foreign investment, which Beijing has taken steps to do. Under consideration is a delisting of China-based stocks that trade on USA exchanges and removing some of those companies from certain funds.

A gauge of world equity markets had rebounded earlier, buoyed by optimism U.S. It was still heading towards its worst weekly performance since mid-August, though.

"The market isn't clear on what to make of the latest impeachment developments in the US, and this continues to increase uncertainty and could be weighing on investor sentiment", wrote Stephen Innes, a market strategist for Asia Pacific at Axi Trader, in a report on Friday. Wall Street futures also suggested a bright start for US markets, gaining around 0.3%.

Officials are also examining how the U.S. could put limits on the Chinese companies included in stock indexes managed by USA firms, although it was not clear how that would be done, the news agency added.

However, chances of his being removed from office look slim given that the Republicans control the Senate, where any impeachment trial would be held. Japan has seen this movie before in its own struggles with the US over trade policy in the 1980s.

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Earlier in the day, Asia-Pacific shares outside Japan were buffeted by the political worries in the United States and shed 0.3%.

On trade news, mixed messages have heightened uncertainty about the prospect of the US-China trade war.

The Chinese language authorities's prime diplomat mentioned on Friday that tariffs and commerce disputes might plunge the world into recession and Beijing was dedicated to resolving them in a "calm, rational and cooperative manner".

Trump said on Wednesday a trade address China would possibly well perhaps perhaps well come sooner than folk whisper, and praised the Chinese purchases.

Rumors about the USA government delisting Chinese companies from stock exchanges had spread to the extent that caused panic in the markets.

European shares reacted well to those signals, also getting a boost from moves in currency markets.

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Bond yields in France and Spain were set for their biggest weekly decline in six weeks, while a key market gauge of long-term inflation expectations slid back toward record lows in a sign of growing concern about weak growth and inflation.

The report surfaced as trade talks between the USA and China are set to resume in Washington Oct. 10.

"There is still a huge gulf", said Eoin Murray, head of investment at Hermes Investment Management, adding that prospects for a deal had receded from earlier in the year. -China trade tensions would again escalate.

A major supplier of Huawei, Micron Technology Inc. has forecast first-quarter profit even below Wall Street's targets.

After the FTSE futures went up by 0.1%, pan- European Euro Stoxx 50 futures by 0.17%, and German DAX futures rising of 0.12%, the European shares are expecting to fare better.

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