Below is an extract of a post published on Guardian titled "Global markets fall as China prepares to hit back at US in trade war"
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Via: Guardian
Dow Jones slumps after Beijing signals readiness to restrict exports of rare-earth elements Financial markets around the world have sold off sharply amid the escalating US-China trade war after Beijing signalled a readiness to strike back at Washington by restricting exports of rare-earth elements. Wall Street recorded steep losses on Wednesday as the Dow Jones slumped to the lowest level in almost four months, losing about 200 points to trade at 25,149. The S&P 500 index also fell to a two-month low, sliding by 18 points to 2,784. Related: US-China trade: what are rare-earth metals and what’s the dispute? Related: Trump needs to make peace with China and get a cut in interest rates | Larry Elliott Continue reading…
