The NYSE FANG + Index — which tracks 10
global tech heavyweights, including Facebook, Apple and China's Alibaba — slumped 5.6 % on Tuesday, its worst one - day drop since its inception four years ago.
Primed for economic combat, President Donald Trump set in motion tariffs on as much as $ 60 billion in Chinese imports to the U.S. on Thursday and accused the Chinese of high -
tech thievery, picking a fight that could push the
global heavyweights into a...