News Snapshot:
By Dhirendra Tripathi Investing.com – Nike (NYSE:NKE) shares were down 3% in Thursday’s premarket, amid fears that its sales in China could be jeopardized by its taking a public stance on conditions in the province of Xinjiang. The U.S., Canada, U.K. and European Union imposed sanctions on Chinese officials last week in connection with allegations of genocide and forced labor in the region. Beijing retaliated with similar steps against the Europeans. According to a Reuters report, Chinese state media singled out H&M (ST:HMb) on Wednesday for a statement it made last year in which the Swedish retailer said it was...