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NewsBreak: White House Considering Limits to U.S. Portfolio Flows Into China


Investing.com - The stock market tumbled into the red Friday after a Bloomberg report that the U.S. is considering ways to limit investor portfolio flows into China.

The White House is also considering de-listing Chinese companies from U.S. exchanges and examining limits on Chinese companies included in stock indexes that are managed by American firms.

The news comes as the two sides are set to return to trade negotiations on Oct. 10.

The Dow was flat at 26,895.14 points by 11:49 AM ET (15:49 GMT), while the S&P 500 was down 5 points, or 0.2%, and the Nasdaq Composite lost 42 points, or 0.5%.

Shares of Chinese e-commerce giant Alibaba (NYSE:BABA) slid 4%.


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