Global stock markets plunge after China responds in kind to US tariffs

Global equities fell on Monday after Beijing said it would impose new levies on goods from the US in response to tariffs imposed by the Trump administration on Chinese imports last week.

Asian stocks fell broadly, with Nikkei 225 index dropping 0.7 percent and the Shanghai Composite shedding 1.2 percent. Chinese yuan fell to its lowest in more than four months to 6.88RMB to the dollar.

European stocks also took a dive, adding to their earlier losses. The Stoxx 600 index lost 0.5 percent, German DAX slid 0.7 percent, and the French CAC 40 dipped 1.2 percent.

US equities fell sharply at the trade opening, with the S&P 500 Index and Dow Jones Industrial Average both falling more than two percent. Nasdaq 100 futures sank 2.8 percent

.https://www.rt.com/business/459223-stocks-drop-china-tariffs/