China stocks and ETFs drop after the US shoots down suspected spy balloon, raising tensions between the economic superpowers

China stocks and ETFs drop after the US shoots down suspected spy balloon, raising tensions between the economic superpowers

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A high-altitude balloon belonging to China flew over the US for several days. Larry Mayer/The Billings Gazette via AP Chinese stocks fell after the US military this weekend shot down a suspected Chinese spy balloon. China claimed the balloon was for research purposes. Stocks fell in Shanghai, Hong…

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