European stocks were seen tumbling Monday morning as a rapid escalation of U.S.-China trade tensions continues to spook investors worldwide.
Investors have been flocking to safe haven assets such as the yen, bonds and gold, with China's yuan skidding against the dollar. Wall Street on Friday closed out its worst week of 2019 so far.
With earnings season winding down, HSBC on Monday announced the surprise departure of CEO John Flint, saying the bank needed a change at the top to address a "challenging global environment" despite posting a 16% rise in half-year profit.
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