Global stock markets fell after China banned certain U.S. shipping firms. Treasury Secretary Scott Bessent said: “If they want to slow down the global economy, they will be hurt the most.” Asian and European indexes all dropped on the news, and S&P 500 futures were in sharp decline prior to the bell in New York. The index itself dropped nearly 1% immediately after the open. A broad-based selloff swept global stock markets this morning after U.S. Treasury Secretary Scott Bessent told the Financial Times ...