U.S. stocks took a plunge on Monday with the S&P 500 and the Dow logging their worst day since January 3rd... as China moved to raise tariffs on U.S. goods and take other retaliatory measures after Washington increased duties on Chinese imports, last week.
Dow tumbled more than 600 points or 2-point-4 percent, the S&P 500 shed just about that much... and the tech-focused NASDAQ sank 3-point-4 percent... marking its biggest one day loss for 2019.
Same story on the Korean bourse. The benchmark KOSPI closed at its lowest since January 15th down nearly 1-point-4 percent to end trading at 2-thousand-and 79.
The junior Kosdaq lost nearly 2 per cent.
Oil prices fell to a six-week low on Monday on worries of a full-blown U.S, China trade war that could hurt global demand for crude.
The global oil benchmark, Brent crude ended down six tenths of a percent 70-23 a barrel while the West Texas Intermediate futures, the U.S. oil benchmark, ended one percent lower at 61-0-4.