• The Dow Jones Industrial Average .DJI fell 171.58 points, or 0.68 percent, to 25,007.03, the S&P 500 .SPX lost 17.71 points, or 0.64 percent, to 2,765.31 and the Nasdaq Composite .IXIC dropped 77.31 points, or 1.02 percent, to 7,511.01.
Wall Street’s major indexes fell on Tuesday as the dismissal of U.S. Secretary of State Rex Tillerson and the possibility of additional U.S. import tariffs against China dragged down stocks across sectors.
• President Donald Trump fired Tillerson after a series of public rifts over issues including North Korea and Russia. Trump has appointed CIA Director Mike Pompeo, seen as loyal to the president, to replace Tillerson. To lead the CIA, the president has tapped Gina Haspel, the agency’s deputy director.
U.S. stocks added to losses after Politico reported that a package of tariffs targeting $30 billion a year in Chinese imports could be rolled out as soon as next week.
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• Asian markets tracked losses seen on Wall Street early on Monday, following the sacking of U.S. Secretary of State Rex Tillerson, and amid talk of potential U.S. tariffs against China.
The Nikkei 225 fell 0.94 percent, or 207.05 points, in early Tokyo trade. The broader Topix slid 0.72 percent, with all sectors trading in negative territory.
Over in Seoul, the benchmark Kospi edged down by 0.6 percent in the morning. Major sectors, including technology and manufacturing, came under pressure, with heavyweight Samsung Electronics down 1.05 percent.
Reference: Reuters, CNBC
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