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FTSE pares gains as China retaliates, New York Fed issues credit crunch alert

UK stocks finished in positive territory on Monday, although earlier gains were pared as US/China tensions escalated following the arrest in Hong Kong of media tycoon Jimmy Lai under national security laws and the New York Fed warned about a credit crunch for US firms. In retaliation for Washington slapping sanctions on 11 officials from Hong Kong and China – not to mention the TikTok/WeChat ...
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