Stocks and Chinese yuan cave in on Trump’s China tariff threat ...United Arab Emirates

Russia Today - Economy
Stocks and Chinese yuan cave in on Trump’s China tariff threat
source : Russia Today ( United Arab Emirates ) () 73
US President Donald Trump’s renewed attack on Beijing over the coronavirus crisis has sunk the Chinese national currency, the yuan, to a one month-low, while global markets also dipped lower. The yuan fell by 0.7 percent in morning trading on Friday, before crawling back up to 7.0632, but was still down around 0.2 percent versus the dollar.  Bourses in Hong Kong and Shanghai, as well as some other markets is Asia, were closed for a holiday on Friday. The Japanese market was one of the few that was open, with its benchmark Nikkei index finishing the trading day nearly three percent lower. Meanwhile, Australian shares faced their worst l

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