China’s shares tumbled in a broad sell-off, and the yuan weakened on Wednesday after the United States threatened further import duties on Chinese goods in a sharp escalation of the trade conflict between the world’s two biggest economies. The yuan’s decline also prompted heavy selling of airline shares amid fears that a falling currency could add to fuel costs and the debt-servicing load of companies with dollar-denominated debts. China Southern Airlines, Air China and China Eastern Airlines all fell more than 5 percent. …read more
Source:: Yahoo Finance
