Looming trade war will trigger turmoil in the market
ANBOUND
Global stock markets fells slump following fears of trade war. On March 22, the A-shares of China and the Hang Seng Index of Hong Kong in China went down, followed by a general decline in European stock markets, with stock indexes in Germany, France, and the U.K. falling by more than 1%, and the Eurostoxx fell by 1.7%. Immediately after that, the market sentiment was transmitted to the United States. The three major U.S. stock index futures all fell more than 1%, while Dow Jones Futures fell by more than 300 points. Investors are increasingly worried about possible trade war between China and the United States, and that it will trigger turmoil in the market.