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Global stocks shiver as new US-China tariffs add to gloom

US President Donald Trump slapped 15% tariffs on a variety of Chinese goods on September 1- while China imposed new duties on US crude, the latest escalation in a bruising trade war.

September 02, 2019 / 11:20 AM IST

Global stock prices fell on Monday after the United States and China imposed new tariffs on each other’s goods, reinforcing investors’ worries over slowing global growth.

The E-mini futures for US S&P500 fell as much as 1.06% in early trade and last stood down 0.39%.

Japan’s Nikkei shed 0.28%.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.3%, led by 0.5% drop in Hong Kong’s Hang Seng after another weekend of violent anti-government protests.