Building investor angst around US-China talks dragged US equity markets into the red - Dow down -286-points or -1.11% , paring an earlier decline of over >400-points in the final hour of trading. The broader S&P500 fell -1.19% following a particularly bruising session for the Energy sector (down -3.13%) after sharp falls on crude markets. The NASDAQ lost -1.57%. Tesla Inc (up +1.43% arrested six straight sessions of declines after a leaked internal email from Elon Musk that said the company has a "good chance" of delivering more cars than the 90,700 it managed in the fourth quarter last year. The US needs to correct its wrong actions if it wants to continue negotiations with China to end a damaging tariff war, China’s Commerce Ministry said on Thursday (23 May), adding that talks should be based on mutual respect. The International Monetary Fund (IMF) said in its blog that US and Chinese consumers were "unequivocally the losers from trade tensions" between the two nations. US equity markers are CLOSED on Monday night AEST (27 Monday) for the Memorial Day holiday.
