Caixin
Jun 19, 2018 05:47 PM
FINANCE

Chinese Shares Swoon on Brewing Trade War

The Shanghai Composite Index reached its lowest point in almost two years after news of U.S. tariffs on Chinese goods. Photo: IC
The Shanghai Composite Index reached its lowest point in almost two years after news of U.S. tariffs on Chinese goods. Photo: IC

*Over 1,000 stocks dropped by the 10% daily limit on the Shanghai and Shenzhen bourses Tuesday

*The drops were precipitated by margin calls amid a tight domestic liquidity situation, though Sino-U.S. trade tensions have also played a role

(Beijing) — Chinese mainland shares tumbled on Tuesday with the benchmark stock index closing at its lowest point in nearly two years as trade tensions escalated between the U.S. and China over the long weekend.

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