Wall Street is poised to open lower Tuesday as a possible visit by U.S. House Speaker Nancy Pelosi to Taiwan prompted threats from Beijing.
A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, Aug. 2, 2022. Asian shares were mostly lower Tuesday amid concerns about regional stability as an expected visit by U.S. House Speaker Nancy Pelosi to Taiwan prompted threats from Beijing. NEW YORK — Wall Street is poised to open lower Tuesday as a possible visit by U.S. House Speaker NancyFutures for the Dow Jones industrials fell 0.
“The first big relief point will be Pelosi’s safe arrival in Taiwan, followed by her safe departure," said Stephen Innes, managing partner at SPI Asset Management. "No party wants a real war, but the risk of mishap or even aggressive war game escalation is real, which could always lead to a tactical mistake."
France's CAC 40 slipped 0.5% in early trading while Germany's DAX fell 0.6%. Britain's FTSE 100 inched up 0.1%.
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