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Global Stocks Wobble With ‘No Way to Know’ Where Trade War Going

  • Flight to safe havens is back, IG Asia’s Jingyi Pan says
  • Futures contracts on S&P 500 tumble as much as 1.7 percent

Peace proved perishable again for investors after China retaliated to Donald Trump’s tariff proposal with its own levies on $50 billion of U.S. imports.

Asian and Europe stocks fell and U.S. futures slid after China announced 25 percent tariffs on 106 U.S. products in a response to proposed American duties. Gold and the Japanese yen rallied.