China stocks sink as Trump's fresh trade threats herald 'darkest hour'
Shanghai stocks tumbled nearly 4 percent on Tuesday to a two-year low, while the yuan fell to a more-than-five-month low against the dollar as Washington’s fresh tariff threats against China raised the specter of a full-blown trade war. The equity slump, which comes despite a surprise liquidity injection by the central bank, risks triggering a downward spiral that could derail Beijing’s bid to lure large international listings, particularly from high-tech giants. Meanwhile, the yuan weakened to a low of 6.4754 in afternoon trade, the weakest since Jan. 12, while China’s benchmark 10-year treasury futures jumped, as bond yields fall.
