Trump slump back in focus, Dow in correction territory

THE so-called "Trump Slump" returned last week as broad indexes saw their biggest losses in more than two years because of trade-war fears.

This week, markets may recoil from more economic threats between the United States and China or military threats between the US and Iran, while Treasury yields and housing data could also provide nasty surprises.

The blue-chip Dow Jones Industrial Average index fell by more than 5 per cent on the week for its worst week since January 2016, closing at its lowest point of the year, at 23,533.