Real estate investment trusts (REITs) led the major asset classes last week as investors dumped stocks, based on a set of exchange-traded funds. Equities in emerging markets took the biggest hit as escalating tensions in the US-China trade war triggered a rise into safe-haven assets.

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Back-to-back shootings stun America over the weekend: NY Times
Hong Kong protests pushing city to “extremely dangerous situation”: Reuters
India revokes special status for Kashmir, risking new outbreak of violence: BBC
Iran says it seized another oil tanker in Persian Gulf: CNN
China moves to suspend imports of US agricultural products: Bloomberg
Trump overruled advisors in approving new sanctions on China: WSJ
China’s services sector expanded at slowest pace in 7 months in July: Reuters
Final Eurozone Composite PMI for July shows nearly stagnant output: IHS Markit
US payrolls rose moderately in July: CNBC
US consumer sentiment held near post-recession high in July: MW
Factory orders in US rose less than expected in June: Reuters
China allows yuan to fall to 7 against US dollar in trade-war escalation: Bloomberg