Stocks, Yuan Drop Sharply as Trade Spat Intensifies

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The speed of the yuan’s decline took some by surprise. “To breach 7, people were thinking OK, maybe one week or two weeks’ or three weeks’ time. Not Monday morning.”

Stock indexes in Japan and Korea declined more than 2% Monday morning in Asia, while the Chinese yuan weakened beyond the psychologically important 7-per-dollar level, falling as much as 1.9% to 7.1087 per dollar in Hong Kong in early trading.

S&P 500 futures dropped 1.1%.
 

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Where the heck is the wto ?

ASX follows with 1.7% decline.

Thangs is abouts to get good! ...aaand whens tha'goin' gets good, tha'good gets goin'. Stay tuned, folks. 💰 Entertainment money sunny days around the bend 🌅

transportation declines in US that means economy down, but official figures shows growth. why you don't care this? why you still talking about Yuan?

این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:

 /  🏆 98. in İR

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Traders are betting big on a sudden drop in stocks and it's starting to pay offTraders have been loading up on call options in the Cboe Volatility Index, AKA the VIX or 'fear gauge,' wagering on big price swings in the market. I don’t quite understand this article. If traders are bearish, why is there a spike in buying calls? Wouldn’t they be buying puts? CNBC propaganda.
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It's not just the trade war – these global fears could put stocks through the wringerThe U.S.-China trade war is spooking Wall Street, but Phil Orlando of Federated Investors says that's not the only hurdle ahead. I’m just asking for one more week of wringer please What Global Fears? The EU still has its head in the sand. If they loosen Monetary Policy, the bogyman will stay the closet. Peace at any price, pays no dividend. Buy TVIX as a hedge on the down.....
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