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Trade war worries slam China and emerging markets

Updated : June 20, 2018 06:24 AM IST

The yuan also hit a five-month low overnight after US President Donald Trump threatened to impose a 10 percent tariff on another $200 billion of Chinese goods. Beijing in turn warned about $50 billion of retaliatory penalties on US goods.
Asian stocks wilted to a four-month low and Australia's dollar, South Africa's rand and the euro were among a diverse group of currencies caught in the crossfire.
Trade war worries slam China and emerging markets

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