By Elaine Kurtenbach The Associated Press Mon., May 6, 2019 BANGKOK – Shares and oil prices have tumbled after President Donald Trump jolted markets with a threat to raise more tariffs on imports from China, spooking investors who had been expecting good news this week on trade. The Shanghai Composite index plunged 6.5% to 2,877.71, and the Hang Seng in Hong Kong sank 3.3% to 29,089.77. The future contract for the Dow Jones Industrial Average fell 1.7% to 26,042.00, while that for the S&P 500 gave up 1.6% to 2,900.10. Trump’s comments in tweets Sunday came as a Chinese delegation was due to resume talks in Washington on Wednesday aimed at resolving a tariffs battle that has rattled world markets. The Wall Street Journal, citing unidentified sources, said China’s government was considering cancelling this week’s talks. Chinese officials did not respond immediately to requests for comment. Chinese leaders have emphasized they would not negotiate under pressure. Without fresh reassurances, markets were swooning. Article Continued Below On China’s smaller market in Shenzhen, the A-share index dropped 7.2 per cent. Japan’s markets were closed for a holiday, but the future contract for the benchmark Nikkei 225 index lost 1.9%. Shares also fell… Read full this story
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