World markets tumble as US, China intensify their trade war
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July 12, 2018
SINGAPORE (AP) — Global stocks tumbled Wednesday after Beijing hit back at U.S. plans for tariffs on $200 billion more Chinese exports, with tensions rising over the trade war between the world's two largest economies.
KEEPING SCORE: France's CAC 40 lost 1.2 percent to 5,368 and the FTSE 100 index of British shares dropped 1.2 percent to 7,600. Germany's DAX sank 1.3 percent to 12,440. U.S. indexes are set to open lower after a stretch of gains. Dow futures lost 0.9 percent and the broader S&P 500 futures shed 0.7 percent.
ASIA'S DAY: Japan's benchmark Nikkei 225 fell 1.2 percent to 21,932.21...
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