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China shares fall, yuan falters on new U.S. tariff threat


Wednesday, 11 July 2018 14:57 WIB

SahamChinaShanghai composite


c_740_198_16777215_00_images_assets_CHINA_4China-economy.jpg

China's stocks slumped Wednesday after three days of gains and the yuan weakened as the United States threatened more import duties on Chinese goods, sharply escalating the trade conflict between the world’s two biggest economies.

The Shanghai Composite index fell 1.8 percent, and the blue-chip CSI300 index dropped 1.7 percent.

Investors have been particularly worried that the trade row could harm an already slowing Chinese economy in a blow to global investment and growth. Analysts said domestic concerns would also weigh on shares.

Source: Reuters


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