MIDEAST STOCKS-Major Gulf markets sag on escalating U.S.-China trade war - Reuters

MIDEAST STOCKS-Major Gulf markets sag on escalating U.S.-China trade war - Reuters:

Major Middle Eastern stock markets fell on
Tuesday, led lower by financial stocks and mirroring losses in
global markets triggered by the U.S. calling China a currency
manipulator in a rapid escalation of the trade war between the
two countries.

China's central bank said on Tuesday that Washington's
decision to label Beijing as a currency manipulator would
"severely damage international financial order and cause chaos
in financial markets".

Qatar’s index, which posted its biggest fall in two
years on Monday when it plunged 4.2% and wiped out all this
year's gains, slid a further 1.5% to hit a six-session losing
streak as 16 of its 20 companies traded lower.