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Asian stocks follow Wall Street lower as trade war worsens

Aug 06, 2019 - Associated Press Financial Wire

BEIJING (AP) - Asian stocks followed Wall Street lower on Tuesday after China let its currency sink and halted purchases of U.S. farm goods, fueling fears Beijing's trade war with President Donald Trump will harm the global economy.

China's main index lost 1.5% and Australia's was down 2.3%. Markets in Tokyo, Hong Kong and Seoul also retreated.

Beijing allowed its yuan to fall past the politically sensitive level of seven to the dollar on Monday following Trump's threat last week to ...