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What a falling Chinese yuan means for the stock market and the trade war
China’s yuan currency tumbled Monday, breaching a level long described by market watchers as a “line in the sand” and feeding fears of an intensifying Sino-U.S. trade war that sparked a global equity market selloff. Why are investors rattled, and how concerned should they really be? Here’s what you need to know: image China’s currency weakened early Monday, trading at more than 7 yuan per U.S. dollar for the first time in more than a decade. In offshore trading, the yuan USDCNH, +1.7530% sank to a record low of more than 7.10 yuan per dollar, according to The Wall Street Journal (paywall). In recent ... (full story)