Shares take hit as US-China trade war deepens

Stocks slumped, the dollar gained, and commodities slid as markets reeled from fresh salvos in the escalating trade war between the US and China.

The S&P 500 Index ended the longest rally in a month after the Trump administration said it will slap tariffs on an additional $200bn (€170.5bn) of Chinese products. China vowed to retaliate, helping to drive down shares across the world.