Shares Tumble as China-U.S. row over Hong Kong wrecks trade deal hopes

U.S. House of Representatives, Beijing, Washington, China

Global stocks took a beating as a fresh row between Beijing and Washington over U.S. legislation on Hong Kong threatened to undermine the trade talks and delay a “phase one” deal expected to be signed by now.

European shares were extending their loss with pan-European Euro Stoxx 50 futures STXEc1 down 0.62%, German DAX futures FDXc1 falling to 0.68%, and Britain’s FTSE futures FFIc1 down to 0.48%.

The U.S. House of Representatives passed bills supporting protesters in Hong Kong to send a warning to China about human rights.

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