Markets fell on Friday.
The S&P 500 fell 0.6 percent, the STOXX Europe 600 fell 1.7 percent and the Shanghai Composite plunged 3.9 percent.
Markets fell after China announced on Friday that it had ordered the US to shut its consulate in Chengdu following the US demand for the closure of the Chinese consulate in Houston.
“Traders are fearful this could be the beginning of a tit-for-tat spat between the two largest economies in the world,” wrote David Madden, market analyst at CMC Markets UK.
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