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Stocks Plunge After China Trade Delegation Cancels Trip

Courtesy of ZeroHedge View original post here.

Update: This is the catalyst: Montana Farm Bureau says the Chinese delegation has cancelled its US farm visit to Montana, and agriculture officials are returning to China sooner than expected.

Sending the odds of a trade deal reeling…

Source: Bloomberg

*  *  *

Well that escalated quickly…S&P crashed back below 3,000

All major indices erasing all the post-FOMC gains…

Hog futures limit down…

And copper clubbed

Yuan plunged…

Source: Bloomberg

The 2Y Yield also tumbled…

Source: Bloomberg

…while Gold futures popped to their highs of the day, around 1520. 


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