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Markets

US stocks open lower on US-China trade war fears, Dow -1.5pc

NEW YORK: Major US stock indices fell more than one percent early Monday, joining a global selloff as a steep drop in th

August 05, 2019

NEW YORK: Major US stock indices fell more than one percent early Monday, joining a global selloff as a steep drop in the Chinese yuan exacerbated US-China trade war worries.

Just after the opening bell, the Dow Jones Industrial Average was down 1.5 percent at 26,097.68.

The broad-based S&P 500 fell 1.6 percent to 2,886.15, while the tech-rich Nasdaq Composite Index slumped 2.3 percent to 7,822.75.

Copyright AFP (Agence France-Press), 2019