US stocks gain as Chinese yuan stabilises

NEW YORK: Wall Street stocks bounced on Tuesday , ending a multi-session losing streak as China moved to stabilise its currency amid the escalating US-China trade war.

The broad-based S&P 500 gained 37.03 points to 2,881.77, while the tech-rich Nasdaq Composite Index climbed 107.23 points to 7,833.27. Both the S&P 500 and Nasdaq fell the last six days.

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Fresh US-China trade turmoil wipes US$26b off Australian stocks[BENGALURU] Mining stocks led Australian shares to their worst session in over seven months on Monday, with investors slashing riskier positions as the growing trade war between the United States and China revived worries about weaker global growth. Read more at The Business Times.
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