The feel good factor over hopes of a swift resolution to the China US trade war didn't last long.
World stocks were knocked off their post meeting three week high within 24 hours
Japan's Nikkei fell two and half per cent, with most Asian stocks in the red
and European ones following suit.
(SOUNDBITE) (English) CMC MARKETS, MARKET ANALYST, DAVID MADDEN, SAYING:
"They are still nervous about the trading relationship between Washington DC and Beijing. They're almost like waiting and seeing what is going to happen at the end of the 90 day truce."
The White House has stuck to its translation of events.
even adding a rider on Monday that it expects China to take immediate action to cut tariffs on U.S. car imports
as well as ending intellectual property theft and forced technology transfers.
But no paperwork was signed in Argentina and Beijing has been noticeably quiet since the meeting.
Neither side seems to know when the 90 days was due to start and finish either.
For investors that just means more uncertainty
and for some there's a fear President Trump will cling to the trade issue like no other.
(SOUNDBITE) (English) WORLD FIRST CHIEF ECONOMIST, JEREMY THOMSON-COOK, SAYING:
"The fact that he hasn't been able to repeal Obama care. The fact that the wall is not going to be put up. The only real lasting legacy he'll think of when he looks at his presidency is taking on China on trade and that will continue to be the only stick that he has and he'll continue to beat up the world with it."
It's all having a negative impact on the global economy -
and that was the other big worry for markets on Tuesday.
Fears are growing that the U.S. economy could be headed for recession sooner than expected.
