US stocks open lower on trade war worries, Dow falls 1.3%

MG News | March 22, 2018 at 10:28 PM GMT+05:00

0:00

AFP/APP – US stocks tumbled early Thursday ahead of an expected announcement of harsh import sanctions on China by President Donald Trump that has revived fears of a trade war.

About two minutes into trading, the Dow Jones Industrial Average had fallen 1.3 percent to 24,370.30.

The broad-based S&P 500 dropped 1.1 percent to 2,682.21, while the tech-rich Nasdaq Composite Index shed 1.3 percent to 7,252.33.

Trump was expected to announce actions later Thursday in response to alleged Chinese stealing of US intellectual property. China has vowed to "defend its legitimate rights and interests."

Related News

Name	Price/Vol	%Chg/NChg
KSE100	187,033.27 703.36M	-0.84% -1588.52
ALLSHR	112,355.64 1,322.41M	-0.80% -909.82
KSE30	57,253.65 170.47M	-0.83% -477.72
KMI30	264,339.24 259.66M	-0.84% -2232.30
KMIALLSHR	72,280.61 865.86M	-0.69% -504.24
BKTi	53,720.25 43.65M	-1.13% -611.48
OGTi	39,202.65 25.16M	0.13% 50.73

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,635.00	90,600.00 87,270.00	-2030.00 -2.26%
BRENT CRUDE	65.13	65.41 63.61	0.21 0.32%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.85 -2.09%
ROTTERDAM COAL MONTHLY	98.75	98.75 98.50	0.90 0.92%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	60.53	60.89 59.22	0.17 0.28%
SUGAR #11 WORLD	14.77	14.90 14.66	0.05 0.34%