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

Jodi Xu Klein in New York

Published: 9:24pm, 13 May, 2019

Updated: 1:07pm, 14 May, 2019

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

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Jodi Xu Klein

Jodi Xu Klein is an award-winning business journalist with 20 years of experience. She joined the Post in 2017, after a decade based in the US reporting for The Wall Street Journal and Bloomberg. She was part of the Time Magazine team that won the Henry R. Luce Award, breaking the China SARS story.