Broad measures of American equities have held up better than their Chinese counterparts, but striation within the U.S. markets suggests that investors anticipate steep losses in some stalwart names. The S&P 500 and tech-heavy Nasdaq also fell close to 1%.
The S&P/TSX composite index closed down 67.10 points at 16,316.53, led by losses in the base metal sector.
Investors sought safety in telecommunications, utilities, and other high-dividend stocks like Verizon, Procter & Gamble and Johnson & Johnson.
Investors are also assessing the impact of tightening monetary policy by central banks after the US Federal Reserve raised interest rate last week and the European Central Bank said it planned to end its bond-purchase program at year-end.
US stocks are mostly higher Wednesday as technology and media companies lead a recovery from the turbulent trading seen the day before.
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Australia will need a victory against Peru in their last match of the group stage, to go with some help from France , to advance. I believe I did the best job I could and I quite simply did not find a way to give them what they wanted".
The Dow Jones industrials are down 291 points, or 1.2 percent, to 24,697, after dropping more than 400 points in morning trading.
Chicago Board of Trade front month soybean futures settled down 2.1 percent after falling as much as 7.3 percent, to the lowest spot price on a continuous chart since December 2008. The CAC 40 of France fell 1.1 percent and in London the FTSE 100 slipped 0.4 percent.
The U.S.is now compiling a list of $200 billion in Chinese imports to tax at 10 percent. Stocks tumbled almost 3 percent in Hong Kong, 2 percent in Tokyo and 4 percent in Shanghai.
"The trade war waged by the United States is against both the law of the market and the development trend of today's world".
USA crude futures dropped 1.6 percent to $63.99 per barrel, briefly touching their lowest levels since April 10.
In overseas trading, stock markets across the Asia-Pacific region moved significantly lower during trading on Tuesday.
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According to Wojnarowski and Shelburne, Leonard has not wanted to mend fences with Popovich and the Spurs at all. Should he not be traded this season, many believe he fully intends to hit Free Agency and sign in LA in 2019.
China has threatened "qualitative" as well as "quantitative" moves if the dispute worsens, meaning it could use inspections of goods, visa applications and other regulatory measures to make life more hard for U.S. companies doing business in China.
Investor concerns surrounding the implications of confrontation between China and the US returned just as the Federal Reserve this month signaled a faster pace of policy tightening and the European Central Bank said it will maintain it key rate until the second half of next year. But the rhetoric is intensifying, with Trump lashing out at Beijing over its threat to retaliate against the administration's latest proposed tariffs.
"The problem is, such a tactic is unlikely to work with China", said Kota Hirayama, senior emerging markets economist at SMBC Nikko Securities in Tokyo.
Its Hong Kong-listed shares tumbled 25 percent to a two-year-low, while its Shenzhen shares fell by their daily limit of 10 percent for a fourth consecutive session. The Australian dollar, often seen as a proxy to China-related trades, brushed a one-year low of $0.7381. The yield on the US 10-year Treasury fell to 2.89 percent from 2.92 percent.
US and European equity markets looked set to follow Asia into the red.
Separately, the Chinese Commerce Ministry has hit back accusing the United States of blackmailing by threatening to slap additional tariffs on Dollars 200 billion of Chinese goods and warned that it would hit back with comprehensive measures if Washington went ahead with the plan. He said the move would be in retaliation for China's decision to raise tariffs on $50 billion in usa goods.
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Authorities have deployed rescue vessels to the scene but bad weather has halted the operation for the night. Local officials said dozens more passengers are still missing a day after the accident.