Trade ties between the United States and China are again uncertain, Wall Street closing

NEW YORK, KOMPAS.com – Wall Street was red on the market on Wednesday, (27/6/2018) when the United States (United States) due to the uncertainty of the US decision related to the prohibition of. China's investment in the technology sector.

While in the previous day, Wall Street shares have risen slightly.

Stated by Reuters, the Dow Jones Industrial Average fell 165.52 points, or 0.68%, to 24,117.59. The S & P 500 lost 23.43 points, or 0.86%, to 2,699.63. Meanwhile, the Nasdaq Composite Index was 116.54 points, or 1.54% to 7,445.09.

During the opening session, Wall Street shares rose in line with President Trump's remarks that would improve the national security panel through the US Foreign Investment Committee (CFIUS).

This is done to face the potential threat of the acquisition of technology by China, rather than providing specific restrictions for China.

Investors view this decision as a more subtle approach than the previous rumor that the United States plans to ban companies with at least 25% of Chinese holdings from investing in US technology companies.

But later Wednesday, White House economic adviser Larry Kudlow said in an interview, the ban provided by Trump did not specifically target China.

"The market sees this ban as a sign that the approach of severe restrictions for China has not faded," said Prudential financial strategist Prince Quincy Krosby.

In addition, the market is also under pressure due to the rising value of the dollar. On the other hand, soaring oil prices also inflated the S & P 500 index by 1.3%. However, some investors are worried that an increase in oil prices will have a negative impact on other sectors.