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bjl1361782 : Global stocks drop after Trump risks 'full-on' trade war with China

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  • Global stocks drop after Trump risks 'full-on' trade war with China (2019-05-06)
  • President Donald Trump sent shivers through global markets on Monday, with stocks plunging after he threatened new tariffs that would escalate the US-China trade war. The Shanghai Composite plunged 5.6%, while Hong Kong's Hang Seng fell nearly 3%. The Stoxx Europe 600 index dropped about 1%. Oil futures dropped to their lowest level in a month before recovering. That set US markets up for a rocky start. The Dow dropped 450 points at the open before recovering some of its losses.    Photo by Imaginechina
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