Tokyo — Chinese stocks went into a tailspin on Tuesday as turbulence gripped equity markets in Asia, which sank to nine-month lows as investors feared the China-US trade row could derail a rare period of synchronised global growth. Speculation was rife the central bank in China was intervening in the currency market to staunch losses and prevent a potentially destabilising sell-off in the yuan. Chinese financial markets have been jittery ahead of a July 6 deadline, when the US is set to slap tariffs on $34bn worth of Chinese goods that Beijing has vowed to match with tariffs on US products. The trade row between the US and major economies has rattled financial markets in the past several weeks, with no sign US President Donald Trump is about to back down from his "America First" protectionism policies that many fear will harm the global economy. The Asia-Pacific MSCI index ex-Japan tumbled 1.4% to its lowest since September 29, while Japan’s Nikkei average was down 0.86% to an almos...
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