Global stocks tumble on tariff moves as Chinese yuan sinks

World stock markets plunged Monday after the Chinese yuan fell sharply in what analysts said was Beijing's riposte to US President Donald Trump vowing to impose fresh tariffs on Chinese goods in the latest trade war flare-up.

London and Paris were also more than two percent down at the close, with Frankfurt doing only marginally better.- 'A lot more pain' - The news had already sent all three major Wall Street indices slumping to their lowest levels since June on Friday, with the S&P 500 and Nasdaq recording their worst weekly losses.

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