Asian stocks are following Wall Street’s bloodbath as the US-China trade war heats up
- Asian stocks fell on Monday as traders followed Wall Street’s example and braced themselves for a prolonged trade war.
- The worldwide sell-off reflects fears of slower economic growth and rising geopolitical tensions, as China plans to respond to a US tariff hike last Friday by raising duties on American imports.
- “Market sentiment remains very fragile,” said one analyst.
Traders in Asian stocks followed Wall Street’s example and braced themselves for an enduring trade war.
After major indexes in the US plummeted at least 2% on Monday, Chinese and Japanese stocks followed suit. European equities and US futures are posting relief rallies on Tuesday