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* China warns of counter measures against U.S. law
* Retail shares dip as Black Friday kicks off
* U.S. stock markets shut early after Thanksgiving holiday
* Indexes off: Dow 0.4%, S&P 0.4%, Nasdaq 0.46% (Updates to close, adds commentary, changes byline)
By Sinéad Carew
Nov 29 (Reuters) – Wall Street’s major indexes ended Friday’s shorter session lower as U.S.-China discord over Hong Kong fueled investor anxiety about trade talks and retail stocks dipped as in-store Black Friday sales appeared to draw smaller crowds.
China on Thursday threatened to retaliate against a U.S. law backing pro-democracy protesters in Hong Kong with potential measures including barring drafters of the legislation from mainland China, Hong Kong and Macau, the editor of China’s state-backed Global Times tabloid said in a tweet.
And on Friday a Reuters report cited two sources saying the U.S. government may expand its power to stop more foreign shipments of products with U.S. technology to China’s Huawei, due to frustration that a blacklisting failed to end supplies to the world’s largest telecoms equipment maker.
While the S&P closed above its session low, selling intensified in the last hour of trading after the report on Huawei.
All three of Wall Street’s major indexes had registered record highs earlier in the week when hopes were higher for an imminent “phase one” U.S.-China trade deal. The trade-sensitive Philadelphia Semiconductor index fell 1.1%.
For the month preliminary Refinitiv data showed that the S&P rose 3.4% while the Dow gained 3.7% and Nasdaq climbed 4.5%. It was the the biggest monthly gain for all three major indexes since June.
The U.S.-China news gave “a little bit of a weaker tone” to Friday’s market, Jack Janasiewicz, a portfolio manager and strategist at Natixis Investment Managers Solutions in Boston.