A market rout made in the White House

Unlock the White House Watch newsletter for free

Your guide to what the 2024 US election means for Washington and the world

On Monday morning traders woke up to signals of carnage across their screens. Hong Kong’s Hang Seng index closed down over 13 per cent, marking its worst single-day fall since 1997. In Europe, the UK’s FTSE fell to a one-year low and at one point Germany’s Dax was down 10 per cent. Then, as US markets opened, the S&P 500 plunged 4 per cent, having already shed…