• The Dow Jones Industrial Average rose 39.73 points, or 0.15 percent, to 26,486.78, the S&P 500 lost 1.14 points, or 0.04 percent, to 2,884.43 and the Nasdaq Composite dropped 52.50 points, or 0.67 percent, to 7,735.95.
The tech-heavy Nasdaq fell on Monday for the third straight day as a sell-off in Chinese markets sparked concerns about slowing global economic growth, though the S&P 500 pared losses to end nearly flat.
Beijing announced a steep cut in the level of cash that banks must hold as reserves, aimed at lowering financing costs and spurring growth amid the trade spat. In Monday’s trading session, the first trading session for mainland China investors since new U.S. and Chinese tariffs went into effect, both Chinese stocks and the yuan slid.
.png)
• Asia markets were lower in the morning following a mixed finish on Wall Street.
The ASX 200 slid by 0.65 percent in the morning, with most sectors trending lower. The heavily weighted financials sector slipped by 0.23 percent, with Commonwealth Bank of Australia sliding by 0.29 percent after earlier announcing "further actions to improve outcomes for wealth management customers."
In Japan, the Nikkei 225 fell by 1.27 percent in the early hours of trading, as most sectors saw losses.
• South Korea's markets are closed for a public holiday.
Reference: Reuters, CNBC
Thai
Eng