US sharemarkets fell sharply on Thursday. Investors sold down technology, industrial and energy stocks on fears that a deepening US-China trade war could weigh on global growth. Chinese Commerce Ministry spokesman Gao Feng said "If the United States wants to continue trade talks, they should show sincerity and correct their wrong actions. Negotiations can only continue on the basis of equality and mutual respect". Shares of IBM (-2.9%), United Technologies (-3....
US sharemarkets fell sharply on Thursday. Investors sold down technology, industrial and energy stocks on fears that a deepening US-China trade war could weigh on global growth. Chinese Commerce Ministry spokesman Gao Feng said "If the United States wants to continue trade talks, they should show sincerity and correct their wrong actions. Negotiations can only continue on the basis of equality and mutual respect". Shares of IBM (-2.9%), United Technologies (-3.7%), Dow (-3.0%), Cisco (-2.7%) and Apple (-1.7%) were amongst the biggest drags on the Dow Jones index. Energy super majors Chevron (-2.2%) and Exxon Mobil (-2.3%) both fell as crude oil prices plunged. The Dow Jones index ended lower by 286 points or 1.1% after falling by more than 400 points at its lows. The S&P500 index lost 1.2%. And the Nasdaq index fell by 122 points or 1.6%.
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