Selloff in iron-ore to rubber in China as US trade war widens

Prices of commodities from iron ore to rubber tumbled in China on Tuesday, with investor sentiment shaken by an intensifying trade war between Beijing and Washington that could hurt the world's No. 2 economy. The selloff also hit steel, copper, cotton and palm oil, as Chinese investors returned from Monday's public holiday. Soybeans and soymeal futures, however, rallied after Beijing slapped retaliatory tariffs on soybean imports from the United States.