U.S. stocks opened sharply lower for a second straight day on Thursday as market volatility in China and a relentless slide in oil prices unnerved investors.
China allowed the biggest fall in the yuan in five months, and Shanghai stocks were halted for the second time this week after another brutal selloff.
With Beijing accelerating the yuan's depreciation to make its exports more competitive, investors fear China's economy is even weaker than had been imagined.
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