'So much good news': Trump breaks silence on market decline

'So much good news': Trump breaks silence on market decline

US President Donald Trump has appeared to blame a combination of modernity and too much good economic news for the global stock market plunge.

In a cryptic tweet, Mr Trump said: "In the 'old days', when good news was reported, the Stock Market would go up.

"Today, when good news is reported, the Stock Market goes down.

"Big mistake, and we have so much good (great) news about the economy!" he wrote.

The President has regularly and loudly taken credit for the stock market's prolonged surge since he took office.

Critics had called for him to similarly own its plunge, but Mr Trump stayed silent on Monday as the Dow Jones industrial average suffered its biggest one-day points drop on record.

It appeared from Mr Trump's latest tweet he was instead blaming the reporting of strong economic news last week, including record low unemployment.

The Government reported on Friday the economy created 200,000 jobs in January and that wages grew at the fastest pace in eight years.

After a slightly lower open on Wednesday (local time), most stocks turned higher within the first few minutes of trading.