“Investors’ nerves were rattled” by the sanctions, “muddying the geopolitical waters,” said Jeffrey Halley, senior market analyst for Asia Pacific at Oanda.
China denounced the moves and hit back against the European Union almost immediately, announcing its own sanctions against 10 EU politicians and four entities for “maliciously spreading lies and disinformation.”
Soon after the Chinese sanctions were announced, the second-largest grouping of lawmakers in the European Parliament said they would not engage in any talks on the agreement until the measures are lifted.
“Battle lines are getting drawn between [the] US and China around Internet technology dominance,” said Stephen Innes, chief global market strategist for Sydney-based online broker Axi. “You need to think last week’s less-than-amicable sitdown is probably holding some enthusiasm back as [the] US could continue to clamp down on Chinese technology.”
Read More:Global stocks: Chinese markets slump as tit-for-tat sanctions raise tension with US and Europe
2021-03-23 11:13:00