Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – as it happened

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• Trump threatens additional 50% tariffs on China over retaliatory levies
• Volatility grips global stock markets as Trump insists on tariff medicine'

Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.

Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says.