· Stocks fell on Tuesday as U.S.-China tensions rose further ahead of high-level trade talks, while the British pound sank on reports that Brexit negotiations were close to breaking down.
Gold and the yen rose, indicating an increased appetite for safe-haven assets.
The Dow Jones Industrial Average fell 313.98 points, or 1.19%, to 26,164.04, the S&P 500 lost 45.73 points, or 1.56%, to 2,893.06 and the Nasdaq Composite dropped 132.52 points, or 1.67%, to 7,823.78.
The pan-European STOXX 600 index lost 1.10% and MSCI’s gauge of stocks across the globe shed 1.14%.
· Stocks in Asia traded lower Wednesday morning amid growing uncertainty over the high-level trade negotiations between the U.S. and China due to commence later this week.
The Nikkei 225 in Japan slipped 0.84% in early trade, while the Topix index shed 0.7%. In Australia, the S&P/ASX 200 declined 0.9% as most of the sectors traded lower.
Reference: Reuters, CNBC
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