Global Stocks Fall Sharply as U.S.-China Spat Over Yuan Escalates Trade War

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Global Stocks Fall Sharply as U.S.-China Spat Over Yuan Escalates Trade War
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Stocks and government bond yields fell on fears that fresh trade tensions between the world’s two biggest economies could dent economic growth.

But the Chinese yuan—the focus of the latest escalation in friction between the U.S. and China—stabilized, a sign that Beijing might not permit a steep depreciation.

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