The Ibex (-0.78%) on the verge of 9,000 as China and US trade tensions escalate

The Ibex 35 has fallen by 0.78% to 9,046.80 points, after China announced it increases tariffs to 25% on US exports worth 60 billion dollars. The trade war between the two powers intensifies with this response from Beijing, after the US raised rates on Chinese products last Friday.