SHANGHAI: Chinese investors, caught off guard by US President Donald Trump’s tariff threats, dumped stocks and sold the yuan currency as a fresh deterioration in Sino-US trade tensions roiled Asian financial markets.
The country’s major stock indexes fell the most in more than three years. The blue-chip CSI300 index and the Shanghai Composite Index both tumbled more than 5%, posting their steepest single-day drop since February 2016. Around 1,000 mainland firms plummet the maximum allowed 10% daily limit.
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