A Game Changer
The end of the tentative trade truce between the world’s two largest economies triggered a sell-off on global stock markets and sent investors scurrying into safe-haven assets.
On Monday, August 5, the Dow Jones Industrial Average fell 767 points (about 2.9%) and the S&P 500 Index fell 87 points (about 3%). Around the globe, international markets felt the pain as well with the Euro Stoxx 50 Index falling almost 2%, Japan’s Nikkei Index falling about 1.8% and China’s Hang Seng Index falling about 2.9%. The Chicago Board of Exchange Volatility Index (VIX) spiked 32% during the market tumult.
Click through to read on about how this failed trade truce is affecting US markets.