China's yuan, stocks slump as trade dispute escalates

The yuan has fallen some 3.6% so far this month as trade tensions between Beijing and Washington worsened.

“This tit-for-tat escalation shows how unlikely a trade deal and de-escalation have become,” Louis Kuijs, of Oxford Economics, wrote in a note late on Sunday.The benchmark CSI300 IndexChinese 10-year Treasury futures CFTZ9 rallied 0.3% in early trade on Monday. Protests on Sunday saw some of the fiercest clashes yet between police and demonstrators since violence escalated in mid-June over a now-suspended extradition bill that would have allowed Hong Kong people to be sent to mainland China for trial.

Markets had expected the PBOC to keep key liquidity rates steady this week, but a cut is expected by mid-September after a policy review by the U.S. Federal Reserve, as Beijing steps up efforts to lower borrowing costs to support growth.

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CHINA IS OVER RATED AND THEIR PRODUCTS ARE CHEAP/ BOOTLEGGED/imitations quality- HATE BUYING “made in China” products poor quality and for cheap labor talking about exploiting the worker and the consumer!!! Nothing made in CHINA APPEARS TO be GOOD enough 💵🤷‍♀️🤷‍♂️🇺🇸📜🏛⚖️🌏 ETHICS

TheLastRefuge2 💪❤️🇺🇸

TheLastRefuge2 Plus, the corn they were going to buy from us but didn't, just got sold to Japan, their archenemy. As The World Turns

HuXijin_GT globaltimesnews The Chinese yuan slumped to a fresh 11-year low against the dollar on Monday.

TheLastRefuge2 Did our Seditious media attempt to push fake 'recession' narrative to interfere and undermine American trade negotiations ahead of the G7. (Cant even bring myself to put a '?' at the end of that since all 'the media' has done is undermine our Country).

TheLastRefuge2 I'm asking God for 1000 downloads of this book before the end of August. 7 days to go.🙏 Christian Family Dating inspirational. If everyone who sees this tweet can afford to spare $2.99, it will happen. If you can't, I'll appreciate a retweet.❤️❤️🙏

Who does this hurt more?

The *Tom & Jerry* trade war loop.

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Source: CNBC - 🏆 12. / 72 Read more »