Stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia on Wednesday, May 8, 2019. Photo: AP

Asia’s equity markets extend global sell-off, taking the cue from US$1 trillion overnight wipeout as trade war escalates

  • Global equities had US$1 trillion in market cap wiped off in overnight trading
  • Hong Kong closes down 1.5 per cent after returning from a holiday
Topic |   China stock market

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Stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia on Wednesday, May 8, 2019. Photo: AP
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Stocks tumbled on Monday morning, extending last week’s sell-off. Photo: Reuters

US$1 trillion wiped out of global markets led by tech carnage after China vows tariffs on 5,000 US products in trade war escalation

  • US tech bellwethers were among the hardest-hit stocks, with Apple and Tesla both dropping more than 5 per cent
  • Market sell-off resumed after China said it would impose 25 per cent duties on a portion of US$60 billion worth of US goods starting on June 1
Topic |   US-China trade war

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Stocks tumbled on Monday morning, extending last week’s sell-off. Photo: Reuters
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