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Tuesday, August 6, 2019

Wall Street sinks as yuan slide inflames US-China trade dispute


The Dow Jones Industrial Average fell 767.27 points, or 2.9%, to 25,717.74, the S&P 500 lost 87.31 points, or 2.98%, to 2,844.74 and the Nasdaq Composite dropped 278.03 points, or 3.47%, to 7,726.04. 

Wall Street slumped on Monday and futures pointed to more losses to come after a fall in China's yuan currency and US President Donald Trump's vow to impose additional tariffs on Chinese goods sparked an escalation of the US-China trade war.

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