Wall Street abandons an uncertain US uncertainty attitude towards China

Liputan6.com, New York – US stocks or Wall Street have weakened due to further uncertainty about the US's stance on Chinese investment in US technology companies.

Based on the latest data, at the close of trading on Wednesday (06:00 GMT), the Dow Jones stock index fell 165.52 points, or 0.68%, to 24,117.59. The S & P 500 stock index lost 23.43 points to 0.86% to 2669.63. The Nasdaq stock index slipped 116.54 points, or 1.54%, to 7,445.09.

As the market opens, Wall Street wins as US President Donald Trump says he will use the US National Security Committee's National Security Enhancement Review Committee ( CFIUS) to deal with the potential threats of acquiring American technology. This is not to impose the special restrictions of China.

The decision was seen by investors as a somewhat more flexible approach than previously announced plans to block companies with at least 25% of China's holdings to buy US tech companies.

However, White House economic adviser Larry Kudlow said the plans announced by Trump have not shown a softening attitude toward China.

"The market considers that the sign of a strict approach to China has not faded," said Quincy Krosby, chief markets strategist at Prudential Financial, quoted on the page. Reuters.

Technology stocks fell 1.5% and weighed on broader S & P 500 equity indices. Chipmakers who get most of their opinions from China are more depressed. The Philadelphia semiconductor index is down 2.5%.

The rise of the US dollar also bebani wall street. Oil prices peaked in three years, which pushed up the S & P 500 energy index by 1.3%. However, some investors have expressed concerns about the negative effects on other sectors.

"It's a combination of (trading) and the strength of the US dollar," said Trader Themis Trading, Mark Kepner. "Oil is very strong today, and also a recovery of stocks.