China Breaking News: White House Presses Russia to Expel Snowden; Sharp Words for China

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China Breaking News: White House Presses Russia to Expel Snowden; Sharp Words for China

by Wochit 0:51 mins

China Breaking News: White House Presses Russia to Expel Snowden; Sharp Words for China

by Wochit 0:51 mins

The White House pressed Russia to exercise all options to expel Edward Snowden and slammed China for allowing the former U.S. spy agency contractor who disclosed government surveillance secrets to leave Hong Kong. Not only did China's benchmark Shanghai Index shed 5%, but every major equity market in Asia and Europe closed lower, adding to the weight upon U.S. stocks Global markets are reacting to uncertainty stoked by recent announcements by the Federal Reserve. The Fed's hazy timetable for winding down its stimulus programs and new signs of a cash strain in China are hammering global markets and U.S. stock futures.

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