China's stock market staring at a nightmare, thanks to trade war with US

The nightmare is returning, three years after China’s last futile attempt to save its stock market. 
 

On Tuesday, 1,023 companies fell by the daily 10 per cent limit amid concerns over escalating trade conflict with the U.S. Already among the worst performers in Asia this year, the benchmark Shanghai Composite Index plunged 3.8 per cent to bring its 2018 loss to about 11 per cent. 

This time around, China’s experience isn’t so unusual. There have been stock bloodbaths from Indonesia to Vietnam this year. In spring,