RPT-UPDATE 4-China shares fall, yuan falters on new U.S. tariff threat [Reuters]
China Southern Airlines Company Limited (ZNH)
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Source: Reuters
RPT-UPDATE 4-China shares fall, yuan falters on new U.S. tariff threat | Reuters Reuters Staff 5 Min Read (Repeats to additional code, no change to text) * Shanghai Composite off 1.8 pct, CSI300 down 1.7 pct * Airlines under pressure amid falling yuan, higher oil prices * Traders see some dollar selling to support yuan By Andrew Galbraith and Winni Zhou SHANGHAI, July 11 (Reuters) - China’s stocks slumped Wednesday after three days of gains and the yuan weakened as the United States threatened more import duties on Chinese goods, sharply escalating the trade conflict between the world’s two biggest economies. China’s commerce ministry said it was “shocked” by Washington’s latest move, which comes just days after both countries imposed tit-for-tat tariffs on $34 billion of each other’s goods, and ups the ante in a heated trade dispute that has rattled global financial markets. The Shanghai Composite index fell 1.8 percent, and the blue-chip CSI300 index dropped 1.7 percent. Investors h
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