China turbulence knocks Asian shares to nine-month low as trade war fears grow
Chinese stocks went into a tail spin on Tuesday as turbulence gripped equity markets in Asia, which sank to nine-month lows as investors feared the Sino-U.S. trade row could derail a rare period of synchronized global growth. Speculation was rife the central bank in China was intervening in the currency market to staunch losses and prevent a potentially destabilizing sell-off in the yuan. Chinese financial markets have been jittery ahead of a July 6 deadline, when the U.S. is set to slap tariffs on $34 billion worth of Chinese goods that Beijing has vowed to match with tariffs on U.S. products. Read More @ https://www.reuters.com/article/us-global-markets/china-turbulence-knocks-asian-shares-to-nine-month-low-as-trade-war-fears-grow-idUSKBN1JT06K?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
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