In New York, the Dow Jones industrial average lost 1.8 per cent or 425 points to 23,533, while the broader S&P 500 index fell 2.1 per cent to 2,588 points. The tech-heavy Nasdaq composite ended lower by 2.4 per cent to 6,993 points. But the Asian giant also urged the U.S. to "pull back from the brink" in order to avoid a trade war. "China doesn't hope to be in a trade war, but is not afraid of engaging in one," China's commerce ministry said in a statement. The S&P/TSX Composite Index lost 1.1 per cent to 15,224 points, but for the week was down over three per cent.

Source: CBC News March 23, 2018 13:17 UTC