The escalating U.S.-China trade war has clipped risk sentiment around the world, sending emerging market stocks into a tailspin and lifting the dollar to a six-month high against a basket of its global peers.
Stock futures sink as the trade war between the U.S. and China escalates; Google will invest $550 million in Chinese internet giant JD.com; Elon Musk says 'radical improvements' in manufacturing still needed for Tesla to hit its quarterly targets.
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Investors enter the new week with fears of a trade war between the U.S. and China top of mind.