Global stock markets tumbled as the trade war between the United States and China escalated. 

In the New York stock market, the Dow Jones Industrial Average on Monday plunged two-point-38 percent to close at 25-thousand-324-point-99. 

The S&P 500 index lost two-point-41 percent to two-thousand-811-point-87, while the Nasdaq Composite plummeted three-point-41 percent. 

The Dow and S&P posted the biggest one-day drops in about four months since January 3 and the Nasdaq fell to a five-month low. 

In Europe, Germany's DAX index fell one-point-52 percent, while France's CAC40 shed one-point-22 percent. 

In Asian markets, the Shanghai Composite closed down one-point-21 percent, while the smaller-cap Shenzhen Composite and Taiwan's benchmark TAIEX also fell more than one percent, respectively.