Washington, Oct. 11 -- US stock markets witnessed heavy selling on Friday after President Donald Trump announced fresh trade measures against China, including a 100 per cent tariff on Chinese goods and export controls on critical software.

The move reignited fears of a renewed trade war between the world's two largest economies.

At the Friday closing, the Nasdaq plunged 3.56 per cent, the Dow Jones lost 878.82 points, and the S&P 500 declined 2.71 per cent.

The Dow Jones closed at 45,479.60, down 878.82 points or 1.90 per cent. The S&P 500 settled at 6,552.51, down 182.60 points or 2.71 per cent, while the Nasdaq ended at 22,204.43, slipping 820.20 points or 3.56 per cent.

More than USD 1.5 trillion in market value was wiped out from ...