China's yuan down as Beijing, Washington escalate trade row; stimulus hopes boost stocks

China’s yuan currency inched lower on Tuesday after U.S. President Donald Trump said Washington will impose duties on an extra $200 billion worth of Chinese imports, drawing a sharp rebuke and warning from Beijing that it will be forced to retaliate. A rally in infrastructure stocks supported the broader market, with some investors betting that China will step up investment in roads and bridges to offset the impact of the latest tariff salvo from Trump, much of which has already been priced in by the markets. Trump on Monday imposed 10 percent tariffs on about $200 billion worth …read more

Source:: Yahoo Finance


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