Markets Business Insider:
US stocks are set to tumble when they open on Monday morning as traders prepared for the next twist in the US-China trade war.
Asian and European stocks slipped with US futures after the economic implications sank in. Chinese officials pledged to take any “necessary countermeasures” and refused to swallow “bitter fruit” that hurts their interests in the US-China trade war, according to Reuters.
“Investors are again growing worried on what China’s response will be,” said Konstantinos Anthis, head of research at ADSS. “A lengthy standoff will start taking a fresh toll on the domestic and global economies.”