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Markets

Trump's Fed attack triggers sell-off ahead of Asia markets open

Central bank doesn't understand 'necessary trade wars,' president tweets

Traders work on the floor of the New York Stock Exchange on Dec. 24.   © Reuters

NEW YORK/WASHINGTON -- U.S. stocks tumbled again on Monday after President Donald Trump heaped fresh criticism on the Federal Reserve, giving investors a jolt of uncertainty that looks likely to upset Asian markets.

The Dow Jones Industrial Average fell 653 points, or 2.9%, to close at 21,792, dropping for a fourth straight session and marking a low not seen since September 2017.

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