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New York stock market opens lower as tensions between the USA and China escalate

The New York stock market started the day with a decline as the expected visit of US House of Representatives Speaker Nancy Pelosi to Taiwan escalated tensions between the USA and China.

New York stock market opens lower as tensions between the USA and China escalate

At the opening, the Dow Jones index depreciated by more than 100 points and decreased by 0.33 percent to 32,691.29 points.

Military activity rises in the region ahead of Pelosi's anticipated Taiwan visit
The S&P 500 index fell 0.35 percent to 4,104.21 points, and the Nasdaq index fell 0.66 percent to 12,287.67 points.

With the visit of Speaker of the House of Representatives Pelosi to Indo-Pacific countries increased the perception of geopolitical risk, indices followed a negative course at the opening of the new day.

Rumors that Pelosi will visit Taiwan as part of her trip have caused tension in US-China relations. Due to the possible visit, it was observed that the military activity of the US and Chinese armies near Taiwan increased.

While China has issued strong warnings that Pelosi's visit to Taiwan will have serious consequences, including military response, White House National Security Council Strategic Communications Coordinator John Kirby said that Pelosi's visit to Taiwan was a very natural matter and that he had no right to make this visit. stated that there is.

It is alleged that Pelosi is expected to visit Taiwan this evening after her contacts in Malaysia during her tour of the Pacific countries.

Analysts stated that in addition to the news flow regarding the tension between the USA and China, the balance sheets of US companies that continue to be announced are also in the focus of the markets.

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