A Quarter of Chinese Stocks Crash 10% as Trump Threatens Another $200 Billion in Tariffs

Stock markets opened lower on tuesday as investors eyes shifted from last week’s Federal Reserve policy statement to President Trump hitting China with threats of another $200 billion in tariffs. Shanghai markets were routed with over 1000 stocks falling 10%.

How The Rusal and Ruble Plunge Fed China’s Xi New Outlook

The Russian Ruble fell around 4% against the USD after the latest sweeping U.S. sanctions from the US. Russia’s largest aluminium producer Rusal plunged into crisis leading to panic selling and contagion spread to other companies and bond and FX markets.