China stocks fell the most in three weeks on Thursday, as investor sentiment soured amid trade tensions between the United States and the European Union, and worries over a slowdown in global economic growth.
The blue-chip CSI300 index fell 2.2 percent, to 3,997.58, while the Shanghai Composite Index closed down 1.6 percent at 3,189.96, both logging their biggest single-day drops since March 25.
In a fresh escalation of trade tensions, U.S. President Donald Trump has threatened new tariffs on goods from the European Union even as the Sino-U.S. trade dispute remains unresolved.
European Central Bank (ECB) President Mario Draghi raised the prospect of more support for the struggling euro zone economy on Wednesday if its slowdown persisted, saying the central bank had “plenty of instruments” with which to react.
Source : Reuters