Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by ByAlexandra Stevenson Sept. 18, 2018 China’s stock market opened at a four-year low, and its currency slipped after the trade war between the United States and China escalated. The Chinese market dipped modestly lower on Tuesday after President Trump pledged Monday in Washington to impose tariffs on $200 billion worth of Chinese goods as soon as next week. Still, the drop was enough to take China’s stock market down to its lowest point since 2014. Stocks in the United States looked poised for a sell-off as futures were trading in negative territory. In Europe the picture was more mixed. Futures for the biggest European companies were trading up, but markets like Britain were pointing down. For China, the tariff threat comes as the country is grappling with a slowing economy and a bear market that is eating into its financial health. Tariffs could knock an additional 0.7 percent off its annual economic growth figure, said Fang Xinghai, vice chairman of China’s securities regulator. He was speaking Tuesday morning at a World Economic Forum conference. But the Chinese government… Read full this story
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