Trader Andrew Silverman on the floor of the New York Stock Exchange on Tuesday. Photo: AP

US stocks tumble on fears of looming recession

  • Treasury yields invert for first time in 12 years, in what many see as major red flag
  • All three major US indices fall sharply, with Dow dropping more than 700 points
Topic |   Stocks

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Trader Andrew Silverman on the floor of the New York Stock Exchange on Tuesday. Photo: AP
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US stocks plunged on Monday as investors worry that US President Donald Trump's threatened new tariffs on Chinese imports will worsen trade prospects. Photo: Xinhua

Global financial crisis, recession risks raised as US-China trade war tensions escalate over currency row

  • Former US Treasury Secretary Lawrence Summers says world at the ‘most dangerous financial moment’ since the 2009 global economy meltdown
  • Washington labelled China a ‘currency manipulator’ after the yuan exchange rate dropped to its lowest rate for 11 years on Monday
Topic |   Currency war

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US stocks plunged on Monday as investors worry that US President Donald Trump's threatened new tariffs on Chinese imports will worsen trade prospects. Photo: Xinhua
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