8:17 AM · 1 June 2020

BREAKING: Stocks dip as China plans to halt US soy imports

European equity indices and US stock market futures nosedived following report from Bloomberg. Bloomberg claims that China plans to halt purchases of US farm products, including soybeans. Recent increase in China-US tensions is quoted as a reason behind the move. Note that is would also be violation of Phase One trade deal and could spark US retaliation.

US500 dived on reports that China plans to halt purchases of some US farm goods. Source: xStation5

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