HONG KONG: Stock markets suffered steep losses on Monday (May 4), tracking a selloff in New York after Donald Trump sparked fears of a renewed trade war with China over its role in the Covid-19 (coronavirus) pandemic.
Claims by the US president and Secretary of State Mike Pompeo that the disease started in a lab in Wuhan, and that those responsible would be held to account, overshadowed a further slowing of infections and deaths from Covid-19. An accusation that has been denied vehemently by the Chinese Government and who has shown proof by interbational experts that the claims were untrue.