The Dow has dropped more than 400 points
The Dow dropped 450 points, or 1.7%, on Monday afternoon. The S&P 500 and Nasdaq lost about 1.6% apiece.The selling comes as investors brace for the US-China trade war to deal more damage to the global economy. The risk is that the tit-for-tat tariff battle between the world's two largest economies could turn the economic slowdown into a recession.
Hundreds of flights to and from Hong Kong were canceled on Monday as protests forced the shutdown of the city's airport. Beijing condemned the protests as"terrorism" and state media published a video showing Chinese military vehicles on Hong Kong's border.The iShares MSCI Hong Kong ETF tumbled 3% on Monday, leaving the fund down 13% so far this quarter. Nervous investors continue to seek shelter in safe havens. Gold climbed back above $1,500 an ounce on Monday.
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