Trade row 'harms global markets'

Tensions hurt multinational companies from the United States

While Chinese mainland stocks closed higher on Friday, experts said the escalating trade tensions between the US and China have harmed the global stock markets, especially relevant companies on US bourses.

"Although the A-share market performed well on Friday, the US-China trade dispute has harmed both the US and Chinese stock markets," said Hong Hao, chief strategist at BOCOM International Holdings Co. "Investors remain sensitive to signs that rising tariffs and trade tensions will hurt the global economy and reduce corporate profits."