Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain...
World number one Simona Halep began the year in emphatic style with a 6-4, 6-1 victory over Nicole Gibbs as Maria Sharapova also romped through her first-round match at the Shenzhen Open on Monday. Romania’s Halep, who will be seeking her maiden Grand Slam title at the Australian Open in two weeks’ time, struck 12 winners to blitz the 110th-ranked American in one hour and nine minutes. “We had a big crowd, which was nice to play in front of,” Halep said after her first-round match in the southern Chinese city, where she won in 2015. Halep won the first set with the help of an aggressive forehand, and then opened the second set with a crunching backhand winner down the line before running away with the match. “It’s always nice to play here in Shenzhen,” she added. “I won a title here three years ago already. It’s my first victory this year as number one in the world, so I’m just happy and enjoying the time.” Meanwhile five-time Grand Slam champion Sharapova, ma...