The trade war is heating up – update on Facebook, Gazprom and my Chinese shares

The correction on the S&P 500 in May 2019

S&P 500 went down 6.58% during the last month

The new tariffs on Chinese products were proclaimed by President Donald Trump at the beginning of May. It was the trigger for the correction on stock markets in May. Another reason for the May sell-off was the extension of the trade war on the technological front. Trump’s banning of Huawei could be a sign of worsening relations between China and the United States. Later, Google suspended Huawei’s access to the Android operating system.

My comment on Alphabet and Facebook

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