Markets were mixed on Thursday.
The S&P 500 fell 0.9 percent and the Shanghai Composite fell 0.8 percent but the STOXX Europe 600 rose 0.5 percent and the Nikkei 225 rose 0.1 percent.
US stocks fell after President Donald Trump announced plans to impose additional tariffs on Chinese imports.
In addition, US manufacturing indices from the Institute for Supply Management and IHS Market showed declines to 51.2 and 50.4 in July, the lowest since August 2016 and September 2009 respectively.
Oil prices fell. West Texas Intermediate crude plunged 7.9 percent while Brent tumbled 7 percent.
“Perceptions of slowing economic growth that could likely bode ill for oil demand growth as well, especially with new tariffs about to be imposed on Chinese imports into the U.S., undermined sentiment in crude oil,” said Marshall Steeves, energy markets analyst at IHS Markit.
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