US stock market losses accelerated on Tuesday, as financial markets continue to grapple with the risk of an all-out trade war.
Global stocks were ailing after President Donald Trump Sunday threatened further tariffs on Chinese imports, throwing global markets into disarray. Investors previously expected Beijing and Washington to be close to sorting out a trade deal after months of negotiations.
Asian markets ended their day mixed, with the Shanghai Composite(SHCOMP) closing 0.7% higher, retracing some of its 5.6% drop on Monday, according to Refinitiv.
The „Goldilocks“ investing environment of low inflation and high growth had calmed investors‘ nerves over the past several months. But political risk came back with a vengeance after the US-China trade negotiations seem to be on thinner ice than previously thought possible this late in the talks.
