US President Donald Trump claimed his spot as the ultimate killjoy of financial markets on Sunday. In two tweets, the vociferous leader of the world’s largest economy threatened to raise tariffs on $200bn of Chinese imports from 10% to 25%, because trade talks were progressing "too slowly". In response to the two short-and-sweet tweets, China threatened to cancel trade talks this week, according to media reports. Since investors had expected that a trade deal was pretty much in the bag, this came as a huge shock to the market. The Shanghai composite index fell as much as 6.6% at one point on Monday, with tech shares and small caps leading the declines. In Hong Kong, Chinese media and gaming giant Tencent fell 4.5% in early trade, dragging Naspers down a similar amount. The JSE had collateral damage, falling by about 2% on Monday morning. Trump’s tweets "scared the market", local money manager Vestact said in a note on Monday. If the Chinese delegation did cancel their plans to visit...

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