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| Version 0 | Version 1 |
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| Markets Fall as Investors Await China Response to Trump | Markets Fall as Investors Await China Response to Trump |
| (32 minutes later) | |
| Global markets traded modestly lower on Monday as investors awaited word of how China would respond to President Trump’s escalation of a trade war. | Global markets traded modestly lower on Monday as investors awaited word of how China would respond to President Trump’s escalation of a trade war. |
| Chinese stocks finished more than 1 percent lower, while the rest of the region registered similar drops. European markets opened lower. Futures that track Wall Street’s performance indicated that stocks in the United States would open lower too. | Chinese stocks finished more than 1 percent lower, while the rest of the region registered similar drops. European markets opened lower. Futures that track Wall Street’s performance indicated that stocks in the United States would open lower too. |
| China’s currency, the renminbi, weakened against the American dollar. | China’s currency, the renminbi, weakened against the American dollar. |
| President Trump on Friday raised tariffs on $200 billion worth of Chinese-made goods. Talks between American and Chinese officials in Washington ended later that day with the two sides still far apart on a number of issues. Markets in the United States fell that day then recovered some ground on the hopes that the trade war could soon end without too much disruption. | President Trump on Friday raised tariffs on $200 billion worth of Chinese-made goods. Talks between American and Chinese officials in Washington ended later that day with the two sides still far apart on a number of issues. Markets in the United States fell that day then recovered some ground on the hopes that the trade war could soon end without too much disruption. |
| The timing of that end remains uncertain. China reiterated its defiant stance on Monday, as Geng Shuang, a spokesman for China’s Foreign Ministry, reiterated that Beijing would not bend to foreign pressure and a response would come. American officials on Monday were set to release details of their higher tariffs, which could give China the information it needs to respond. | |
| In China, the Shanghai Composite Index fell 1.2 percent, while the Shenzhen Composite Index fell 1.1 percent. Hong Kong markets were closed for a holiday. | In China, the Shanghai Composite Index fell 1.2 percent, while the Shenzhen Composite Index fell 1.1 percent. Hong Kong markets were closed for a holiday. |
| Japanese shares fell more modestly, with the Nikkei 225 index losing 0.7 percent. | Japanese shares fell more modestly, with the Nikkei 225 index losing 0.7 percent. |
| In South Korea, the Kospi index fell 1.4 percent, while Taiwan’s Taiex index fell by a similar amount. | In South Korea, the Kospi index fell 1.4 percent, while Taiwan’s Taiex index fell by a similar amount. |
| Both the CAC 40 index in France and the Dax in Germany were 0.5 percent lower in early trading, while the FTSE 100 index in London was flat. | Both the CAC 40 index in France and the Dax in Germany were 0.5 percent lower in early trading, while the FTSE 100 index in London was flat. |