China stocks face 'darkest hour' after fresh Trump tariff threat
SHANGHAI (June 19): Shanghai stocks tumbled nearly 4% on Tuesday to a two-year low as US President Donald Trump's fresh tariff threats against China raised the spectre of a full-blown trade war.
The Shanghai Composite Index plunged more than 5% at one point in late trade before finishing the session down 3.8% at 2,907.82 points.
The blue chip CSI300 index fell 3.6% to 3,621.12.
"It's the darkest hour...the most agonizing moment in the first half," Zhang Yidong, strategist at Industrial Securities wrote on Tuesday.
Getting overwhelmed with negativity won’t solve any problems The Singapore Week of Innovation and TeCHnology (SWITCH) just wrapped up. The cool thing about the event is it follows a “plug and play” model. This is fairly unique because it involves different companies from Southeast Asia coming together to form a picture. Organised by National Research […]
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