Stocks dropped Monday accelerated in morning trading after Hong Kong International Airport cancelled all departures for the remainder of the day, citing serious disruptions due to intensifying protests. Dow Jones Industrial Average dropped about 210 points, while the S&P 500 fell 0.73%. The Nasdaq Composite is down 0.85%.
The relentless Trump-China trade war rattled the markets last week with the Dow posting a loss of 0.75%. Major stock averages suffered their worst days of the year on Aug. 5 after China allowed its currency to drop against the dollar below a key level unseen since 2008. The escalated tensions caused Goldman Sachs to lower its fourth-quarter growth forecast by 20 basis points to 1.8% as the firm no longer expects a trade deal before the 2020 election.