Global markets fall as China prepares to hit back at US in trade war

Dow Jones slumps after Beijing signals readiness to restrict exports of rare-earth elements

Financial markets around the world have sold off sharply after Beijing signalled a readiness to strike back at Washington in their escalating trade war by restricting exports of rare-earth elements.

Wall Street recorded steep losses on Wednesday as the Dow Jones slumped to the lowest level in almost four months, losing about 221 points to trade at 25,126. The S&P 500 index also fell to a two-month low, sliding by 19 points to 2,783.

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from US news | The Guardian http://bit.ly/2QuEdjS