China and the United States impose new tariffs on each other to deepen doubts ab

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      Global stock markets fell Monday after a tit-for-tat and tariff-imposing move between the United States and China took effect on Sunday, deepening investors'concerns about a slowdown in global economic growth.
E-Mini S&P 500 Index futures fell 1.06% in early trading, the latest decline of 0.39%.
Japan's stock market. N225 Nikkei index fell 0.28%.
The MSCI Mingsheng Asia-Pacific (excluding Japan) index fell 0.3%, Hong Kong's Hang Seng Index. HSI fell 0.5%, and violent anti-government demonstrations took place in Hong Kong over the weekend.
China's mainland stock market performed slightly better, with the Shanghai-Shenzhen 300 index. CSI300 rising 0.3% despite escalating trade disputes.
The Financial Stability and Development Committee of the State Council of China held a meeting recently, calling for greater counter-cyclical adjustment of macroeconomic policies and greater efforts to dredge monetary policy transmission.
The seasonally adjusted purchasing managers index (PMI) for China's manufacturing sector rose to a five-month high of 50.4 in August, higher than the median forecast of 49.8 in the Reuters poll and 49.9 last month, Caixin/Markit announced on Monday. China's official Manufacturing Purchasing Managers Index (PMI), a leading macroeconomic indicator released on Saturday, fell to 49.5 in August, below the median forecast of 49.7 in a Reuters survey and 49.7 last month.
On Sunday, the United States began imposing 15% tariffs on a variety of Chinese goods, including footwear, smart watches and flat-panel television. China also began imposing new tariffs on American crude oil, and the Sino-US trade war escalated again.


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