FTSE 100, European shares tumble

Business | 22 May 2020 5:08 pm

European shares fell today as a deterioration in U.S.-China ties compounded fears of a slower recovery from the economic damage wreaked by the coronavirus pandemic.
Beijing planned to impose a new security law in Hong Kong, raising prospects of fresh protests in the global financial hub and drawing a warning from U.S. President Donald
Trump that Washington would react "very strongly.''
The pan-European STOXX 600 fell by 1.4 percent. Asia-exposed stocks such as HSBC Holdings Plc tumbled by 5 percent and Prudential Plc sank by 8.3 percent.
UK's FTSE 100 lagged its European peers with a 1.8 percent drop.

 

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