While you were sleeping: Wall St slides on trade war worries

Thu, 22 Mar 2018

By Margreet Dietz March 23 (BusinessDesk) - US Treasuries climbed while Wall Street moved lower after US President Donald Trump said the country plans to impose up to US$60 billion in annual tariffs on imports from China, keeping alive concerns about a global trade war. In 1.24pm trading in New York, the Dow Jones Industrial Average dropped 1.3 percent, while the Nasdaq Composite Index retreated 1.2 percent. In 1.08pm trading, the Standard & Poor’s 500 Index shed 1.5 percent. US Treasuries soared, sending the yield on the 10-year note...

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