Wall Street shudders as US-China trade war intensifies; Dow falls 600 pts

Wall Street sank on Monday after China defied Washington by announcing retaliatory tariffs, the latest salvo in the two countries' increasingly belligerent trade war, sending investors fleeing equities for less risky assets. All three major US indexes lost ground in a widespread sell-off, with the tech-heavy Nasdaq posting its biggest one-day percentage loss this year.

The S&P 500 and the Dow both had their largest percentage drop since Jan 3. China said it would impose higher tariffs on $60 billion in US goods despite President.

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