Asian markets plunge after Trump threatens China tariff hike
BANGKOK (AP) — Shares tumbled in Asia early Monday after President Donald Trump threatened to impose more tariffs on China, spooking investors who had been expecting good news this week on trade.
The Shanghai Composite index plunged 5.2% to 2,918.65, and the Hang Seng in Hong Kong sank 3.4% to 29,060.87. The future contract for the Dow Jones Industrial Average fell 1.9% to 26,003.00, while that for the S&P 500 also shed 1.9%, to 2,892.20.