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Stocks See Worst Decline of 2019 as China Raises Trade Tensions With U.S.

Aug 05, 2019 - The New York Times

China introduced a powerful weapon to the trade war on Monday, letting its currency weaken sharply in a move that left financial markets lurching and investors worried about how the worsening hostilities between Beijing and Washington would affect corporate profits and the already slowing pace of global growth.

On Wall Street, stocks experienced their steepest drop of the year, conclusively ending a period of steady trading during which the market notched record after record.

The rec...