US shares mostly up premarket with US-China tension in focus

Friday, 18. September 2020 10:33

Stocks on major markets in the United States ticked mostly higher in premarket trade on Friday with investors' mainly focusing on a dispute between Washington and Beijing. US President Donald Trump claimed that China represents "a far greater threat" to the 2020 US election than Russia. Meanwhile, the Chinese People's Liberation Army conducted military drills near the Taiwan Strait following United States Undersecretary for Economic Affairs Keith Krach's visit to the island.

When it comes to the economy, White House economic adviser Larry Kudlow asserted the US is currently "at the front end" of economic recovery from the coronavirus crisis.

The Dow Jones traded virtually unchanged at 4:33 am ET, while the Nasdaq 100 and the S&P 500 gained 0.35% and 0.09% at the same time, respectively. The euro added 0.05% at 4:36 am ET, selling for $1.18537.

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