Wall Street sinks as yuan slide intensifies trade war; Dow falls 860 pts

US stocks tumbled on Monday, with the benchmark S&P 500 sliding more than 3 per cent, as a fall in the yuan following US President Donald Trump's vow to impose additional tariffs on Chinese goods sparked fears of further escalation of the US-China trade war. The S&P 500 was on track for its biggest one-day percentage decline since February 2018.

It has fallen for six straight sessions. The yuan reached its lowest level in more than a decade after the People's Bank of China, with the blessing of policymakers, set its daily.

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