The Hong Kong and European stock markets were still closed on Monday for the Easter holiday. Meanwhile, Wall Street stocks plunged, as technology shares sparked a broader sell-off amid escalating trade tensions.

The tech-rich Nasdaq Composite Index dropped two-point-seven percent. The Dow Jones Industrial Average dropped nearly two percent, while the broad-based S&P 500 shed over two percent. Tech giants experienced the biggest losses, including Amazon, Facebook and Tesla Motors. Amazon sank five-point-two percent after President Donald Trump accused the firm of profiteering at the expense of the US Postal Service. Tesla dropped about five percent, amid skepticism the company would be able to meet closely-watched electric car production targets. Facebook lost another two-point-eight percent over its privacy breach scandal. What's worse is that the liquidation spread to a broader slate of companies. American Express, Home Depot, Nike and Dow DuPont, all lost two percent or more.