Markets fell sharply on Tuesday.
The S&P 500 plunged 1.8 percent, the STOXX Europe 600 fell 1.1 percent and the Nikkei 225 fell 1.1 percent.
Oil fell. West Texas Intermediate crude plunged 6.6 percent while Brent fell 6.4 percent.
“The broader financial market complex was roiled by weakness in tech stocks and the seemingly hard-to-bridge rift between the U.S. and China, at least as far as trade is concerned,” said consulting firm JBC Energy.
Morgan Stanley thinks that the US stock market is now in a bear market.
“The technical damage is irrefutable,” wrote the bank’s analysts.
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