US-China trade spat sparks volatility concerns

VOLATILITY in trading - not just in Singapore but globally - is expected to continue this week, after US's major benchmarks on Friday got walloped hard over the potential US trade war with China.

Both the S&P 500 and the Dow Jones Industrial Average moved into the red for the year. The Dow Jones fell 1.77 per cent to 23,533.2, while the S&P 500 lost 2.1 per cent to 2,588.26 - close to its February low.

Bloomberg also reported that the CBOE Volatility Index, a key measure of market expectations of near-term volatility, jumped nearly 7 per cent to the highest level since early March.