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

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Global stocks fall for a sixth day in a row and Chinese yuan hits its lowest level for a decade

Global stocks fell for a sixth day on Monday as an escalation of trade tensions between the US and China spooked markets and the yuan fell to its lowest levels in over a decade.European shares fell to two-month lows, with the pan-European STOXX 600 index shedding 2 per cent on top of the 2.5 per cent it lost on Friday - its worst day so far in 2019 - after US President Donald Trump signalled another round of tariffs on Chinese imports.

 

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