Major US equity indices kicked off a new trading week on a downbeat note and tumbled during the opening hour of trade amid escalating US-China trade war fears. Trade tensions between the world’s two largest economies showed no sign of abating as the US President Donald Trump now planning to put new curbs on Chinese investment in the US technology firms and blocking additional technology exports to Beijing. Trade hostilities, which sent ripples across global financial markets, were once again seen driving investment flows towards perceived safe-haven assets. This coupled with a sharp fall in crude oil prices further took a toll on perceived riskier assets like equities and collaborated to the early slump on Monday. At the time of writing this report, all the three major indices – Dow Jones Industrial Average, the broader S&P 500 Index and tech-heavy Nasdaq Composite Index, were down anywhere between 1.0% to 1.5% for the day and added to last week’s sharp fall led by signs of a prolonged trade war. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: New home sales increase by 6.7% in May vs. 1.5% expected FX Street 3 years Major US equity indices kicked off a new trading week on a downbeat note and tumbled during the opening hour of trade amid escalating US-China trade war fears. Trade tensions between the world's two largest economies showed no sign of abating as the US President Donald Trump now planning to put new curbs on Chinese investment in the US technology firms and blocking additional technology exports to Beijing. Trade hostilities, which sent ripples across global financial markets, were once again seen driving investment flows towards perceived safe-haven assets. This coupled with a sharp fall in crude oil prices further… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
