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European stocks open slightly lower amid rising trade war fears


Tuesday, 6 August 2019 14:23 WIB

Stoxx 600Indeks Stoxx Europe 600SahamEropa


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European stocks opened mixed on Tuesday as markets pause for breath after a three day sell-off, exacerbated by China's offshore yuan hitting a record low and the U.S. branded Beijing a “currency manipulator” in a rapid escalation of the trade war.

The pan-European Stoxx 600 slipped just below the flatline after the opening bell, healthcare stocks falling 0.5% while media stocks jumped 0.7%.

Global stocks extended already substantial losses Monday as China allowed its yuan currency to slide below 7 per dollar to an 11-year low, as Washington formally accused Beijing of manipulating its currency, the first designation of its kind since 1994.

Source : CNBC


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