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Stocks, Yuan Plunge As Trump Warns “Could Cancel September Meeting” With China

Courtesy of ZeroHedge. View original post here.

The machines busily lifted stocks up at the US cash market open to fill the gap down triggered by Huawei license ban headlines overnight.

However, once that gap was filled and stops run, headlines from President Trump, speaking to a reporter pool, triggered selling pressure:

  • *TRUMP SAYS GOING `VERY WELL WITH CHINA,’ NOT READY TO MAKE DEAL

  • *TRUMP SAYS NO CHOICE BUT TO DO WHAT HE’S DOING ON CHINA

  • *TRUMP SAYS “WE’RE NOT GOING TO BE DOING BUSINESS WITH HUAWEI”

  • *TRUMP SAYS SEPTEMBER TALKS WITH CHINA COULD BE CANCELED

And down we go again…

Dow down..

But Nasdaq worst – below overnight lows…

And Yuan is back at overnight lows…


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