China’s yuan slumps to 11-year low, stocks fall as U.S. trade war escalates – Reuters

China’s yuan slumps to 11-year low, stocks fall as U.S. trade war escalates – Reuters

SHANGHAI/HONG KONG (Reuters) – China’s yuan fell to an 11-year low against the dollar on Monday and stocks dropped as the Sino-U.S. trade war sharply escalated, threatening to inflict more damage on the world’s largest economies. FILE PHOTO: A U.S. dollar banknote featuring American founding father Benjamin Franklin and a Chinese yuan banknote featuring late …

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