New York stock exchanges are falling broadly due to concerns about the US economy and the development in the trade war. In the initial trading, the Dow Jones industrial index is down 1 percent, the S&P 500 is falling 1.5 percent, while the Nasdaq composite index is backing down 2.2 percent.
Among individual shares, electric car manufacturer Tesla continues to fall sharply. The share is down 4 percent initially after investment bank UBS lowered its sales forecast and also significantly reduced the target price. The Tesla share has now plummeted almost 40 percent since the turn of the year.
