Trade war worries slam China and emerging markets
From reuters.com
Chinese stocks fell almost 4 percent and alarm bells rang across global markets on Tuesday, as the trade dispute between the United States and China escalated further. The yuan also hit a five-month low overnight after U.S. President Donald Trump’s threat to impose a 10 percent tariff on another $200 billion of Chinese goods drew warnings from Beijing about $50 billion of retaliatory penalties on U.S. goods. Asian stocks wilted to a four-month low and Australia's dollar AUD=D4 and South Africa's rand ZAR= were among a diverse group of currencies caught in the crossfire. Europe’s main equity benchmarks [.EU] sank 1 to ...
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