Stocks fall on rising trade war fears

Stocks around the world tumbled and oil prices slumped after US President Donald Trump threatened to raise tariffs on China, triggering an investor exodus from risky assets.

Mr Trump said on Sunday he would raise tariffs on $200bn (€178bn) worth of Chinese goods this week and target hundreds of billions more soon. On Friday, he had cited good progress in trade talks and praised his relationship with Chinese President Xi Jinping.