Trump's China remarks hit oil & copper, China to probe Qualcomm

Yahoo Finance's John Hyland tracks Friday's top moving stocks and biggest market stories in this Market Minute.

US stocks (^DJI, ^GSPC, ^IXIC) are falling on President Trump's comments about China. Oil (CL=F, BZ=F) and copper (HG=F) are also slipping as Trump's remarks renew tariff fears.

Qualcomm (QCOM) stock is sinking after China began an antitrust investigation into the company.

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

Video Transcript

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It's time for Yahoo Finance's market minute.

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US stocks falling as trade fears weigh on investor sentiment. President Trump threatened China goods with a massive increase of tariffs.

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He also said he saw no reason to meet with Chinese President Xi Jinping, which was expected later this month.

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The president cited quote, hostile export controls on rare earth minerals.

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Fears of a trade war hitting oil prices. WTI and Brent Crude are sliding as increased tariffs could weigh on global growth and reduce oil demand.

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Meanwhile, copper slumped by the most in five months amid the president's comments.

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And sticking with China, Qualcomm falling after China launched an anti-trust probe into the company.

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The scrutiny comes amid its acquisition of Israeli chip firm Autotalks.

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The acquisition officially closed in June, just over two years after it was first announced.

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And that's your Yahoo Finance market minute. For more on what's trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of today's trading session.

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