According to Bloomberg, Trump administration officials are considering to put a limit on the United States (US) investors’ portfolio flows into China.
With the initial market reaction, risk-off flows started to dominate the markets and Wall Street’s main indexes fell into the negative territory after starting the day with gains. As of writing, the S&P 500 and the Nasdaq Composite were down 0.16% and 0.62% on the day while the Dow Jones Industrial Average was virtually unchanged.
Furthermore, the 10-year Treasury bond yield erased its recovery gains and was last down 0.2% on the day.
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