Tensions hurt multinational companies from the United States; Dow pressuredWhile 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." "The multinational companies of the United States have more than half of their businesses abroad, so the trade tensions will significantly influence their share prices," said Hong. Around the world, shares of listed carmakers and technology and industrial companies fell on Thursday, as investors focused on the US-China trade dispute, which could reduce company spending and earnings. According to Hong, if trade tensions worsen, the GDP growth of the US could decrease by 0.5 percent, and the impact on China would be 0.5 percent.