BREAKING NEWS
LATEST NEWS BULLETIN | SEPTEMBER 17TH – MORNING
Headline: Global Markets Tumble as Trade War Fears Escalate; China Denies Tariff Threat
Subheading: Stock prices plummet as investors respond to intensifying tensions between the US and China; Beijing maintains tariffs on US goods will remain unchanged
Summary: In a dramatic morning session, global markets took a nosedive as fears of an escalating trade war between the United States and China reached a fever pitch. The Dow Jones Industrial Average plunged over 400 points, while the S&P 500 and Nasdaq composite indexes suffered significant losses.
Story:
Beijing has denied reports that it plans to impose tariffs on $300 billion worth of US goods, contradicting statements made by senior US officials earlier this week. The move comes as tensions between the two nations continue to escalate, with the US accusing China of reneging on a trade agreement and Beijing maintaining that it is still committed to the deal.
As investors responded to the latest developments, stocks around the world plummeted. The Nikkei 225 in Japan dropped over 3%, while the Hang Seng in Hong Kong and the Shanghai Composite Index both fell over 2%.
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Keywords:
- Trade war
- US-China trade war
- Stock market
- Dow Jones Industrial Average
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Source:
- Reuters
- Bloomberg
- CNBC
- AP News
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Latest news bulletin | September 17th – Morning
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