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Squawk Box anchors discuss the wild week in stock markets as the Dow looks on track to post its first 4-week losing streak since 2016. US chip stocks fall following Washington’s blacklisting of Huawei. Beijing, however, remains defiant, saying it will emerge stronger from the trade war. EU finance ministers weigh in on the current escalating US-China trade tensions, telling CNBC it is important not to increase barriers. Meanwhile, Turkey loses its preferential trade treatment by the US but sees tariffs on its steel exports halved. Tech giant Sony’s share price has soared more than 10% following its announcement that it is launching a ¥200BN share buyback scheme as well as signing a strategic partnership with Microsoft. And Amazon leads the latest funding round in U.K. food delivery company Deliveroo.