Investors are desperately trying to predict his next move to price in the markets. Breaking up the trade ties and threatening with high import taxes Trump hopes to gain submission of several trade partners like Canada and Mexico
The drop is associated with weak Manufacturing PMI report.
Discouraging manufacturing data from China pulls down the energy market.
The Chinese economy remains the main source of volatility on emerging markets.
Investors get rid of their positions to protect themselves from volatility.
Unprecedented growth of consumer lending in China raises concerns of the country’s regulator.