💨 Abstract

Chinese stocks plummeted on Monday following Beijing's retaliatory tariffs against the US, sparking concerns of a prolonged trade war between the two economies. The Hang Seng Index and Shanghai Composite Index experienced their largest daily falls since the 2008 global financial crisis. Key stocks such as Alibaba, Tencent, HSBC, and Standard Chartered also plunged.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖