Dow completed its mini wave 2 with a a-b-c corrective wave and started its mini wave 3 with 623 points or 2.37% plunge on Friday after China's announcement to impose tariffs ranging from 5% to 10% on US$75 billion U.S. goods in two batches effective 1 September and 15 December in retaliation to US's early August imposition of 10% tariff on US$300 billion worth of Chinese goods. To China's announcement on Friday, US President Donald Trump hit back with an additional tariff of 5% from imports from China.
FBMKLCI (1,609)
KLCI continued with its wave v of (iii) formation.
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