Shanghai: Global financial markets tumbled on Monday after US President Donald Trump unexpectedly jacked up pressure on China to reach a trade deal, saying he would hike US tariffs on Chinese goods this week.
Equity markets, which had been largely expecting a trade accord, fell sharply across export-reliant Asia as further talks were thrown into doubt.
Chinese shares plunged more than 4% at one point, while US stock market futures fell close to 2 %. Oil prices plunged and the Chinese yuan tumbled.
