- Chinese markets are leading losses across the globe, with Shanghai down 3.8% and Shenzhen 5.8% lower, after President Trump asked the U.S. Trade Representative to identify $200B worth of Chinese products that will be subject to additional tariffs of 10%.
- "The U.S. has initiated a trade war," China's Commerce Ministry declared, adding that it will respond with "comprehensive quantitative and qualitative measures and retaliate forcefully."
- Asia: Nikkei -1.7%; Hang Seng -3%; Shanghai -3.8%; Sensex -0.7%.
- Europe: FTSE 100 -0.9%; CAC 40 -1.2%; DAX -1.7%.
- U.S. futures: Dow -1.6%; S&P -1.4%; Nasdaq -1.4%.
- ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, RWL, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA, QQXT, SPUU, SPXE, LLSP, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV, FXI, KWEB, ASHR, YINN, CAF, EWH, CQQQ, YANG, MCHI, GXC, CYB, FXP-OLD, PGJ, CN, KBA, TAO, CHIQ, HAO-OLD, CHIX, TDF, QQQC, CNY, PEK, CHN, CWEB, CXSE, CHAU, XPP, CNXT, ASHS, AFTY, CHAD, FCA, YAO, YXI, GCH, FXCH, ECNS, CHIM, CHII, CHIE, KFYP, EWHS, JFC, FCHI, OBOR, ASHX, CNYA, FHK, HAHA, XINA, CNHX, KGRN, FLCH, FLHK, WCHN
- Now read: Multimedia Weekly Digest: Surging Oil Prices
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