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Investor panic and daily sales volumes are somewhat similar to 2007, the channel said in a report released today.
The Swiss bank UBS, which manages about $ 2.4 trillion in assets, has for the first time introduced the possibility of stagnant financial markets in its accounts.
US companies are concerned about the serious repercussions of the trade, currency and technical wars between Washington and Beijing on the already troubled financial markets and the fragile economic growth in America and Europe.
Until now, there was no guarantee that trade negotiations between the United States and China would regain their reassuring sense against threats from both sides to impose more tariffs on goods.
Despite the hopes of President Donald Trump that China is willing to negotiate and that there are contacts between them, Beijing denies it.
The Chinese Foreign Ministry reiterated on Tuesday that it had heard of no recent telephone conversation between the United States and China on trade, hoping that Washington would end its abuses and create favorable conditions for talks.
Foreign Ministry spokesman Geng Shuang made the remarks at a press conference after US Treasury Secretary Stephen Mnuchin said there had been contacts between both parties, without identifying who.
On Monday, Trump was expecting a trade deal with China, citing what he called increasing economic pressure on Beijing and job losses in China.
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