Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Asian stocks follow Wall Street lower as trade war worsens

 

August 6, 2019

Richard Drew – Associated Press

Specialist James Denaro, left, works at his post on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019. U.S. stocks nosedived in early trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating.

BEIJING - Asian stocks followed Wall Street lower on Tuesday after China let its currency sink and halted purchases of U.S. farm goods, fueling fears Beijing's trade war with President Donald Trump will harm the global economy.

China's main index lost 2.5% and Tokyo fell 2%. Markets in Hong Kong, Sydney and Seoul also retreated.

http://www.startribune.com/us-stock-indexes-slide-as-china-s-currency-hits-11-year-low/520714692/



 

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