GLOBAL MARKETS-Trade friction hits stocks, yuan slumps to lowest in over a decade

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GLOBAL MARKETS-Trade friction hits stocks, yuan slumps to lowest in over a decade

Global stocks fell for a sixth day on Monday as an escalation of trade tensions between the United States and China spooked markets and the yuan fell to its lowest levels in over a decade. Safe-haven assets including the Japanese yen, core government bonds and gold rallied. European shares fell to two-month lows, with the pan-European STOXX 600 index shedding 2% on top of the 2.5% it lost on Friday - its worst day so far in 2019 - after U.S. President Donald Trump signalled another round of tariffs on Chinese imports.

https://finance.yahoo.com/news/global-markets-trade-friction-hits-085134494.html?.tsrc=rss
 
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