The US dropped Xiaomi’s stocks by 10%. The corporation got on the blacklist of companies that, according to the US government, belong to or work with the Chinese military.
What is the corporation being accused of?
People stay self-isolated all over the world while economies receive more and more support from Central banks and financial authorities. At the same time, the commodity market remains turbulent, and the currency market is getting agitated.
This long winter, the coronavirus issue has become tiresome indeed, however, investors keep bringing it up, provoking sharp market fluctuations. The new week if February is likely to leave the catalyst in force.
Investors have long become used to the non-stop mighty flow of news, flooding the market. This week is no exception; however, the list of the planned news at the moment looks pretty neutral.