Stocks Slump as Trump’s Threat of New Tariffs Scares Investors – The New York Times
Mr. Trump’s comments on Sunday threatened to end that growth, rattling investors across the board. The value of China’s currency weakened, and prices for oil and agricultural products fell.
In China, the Shanghai Composite Index was down 5.4 percent midday.
In Hong Kong, the Hang Seng Index was down 3.3 percent as of midday. Taiwan’s Taiex was down 1.8 percent, while the S.&P./ASX 200 index in Australia was down less than 1 percent.
Markets in Japan and South Korea were closed for holidays on Monday.