U.S. futures and stock markets in Asia dropped, oil prices fell and the Chinese yuan weakened as trade tensions between China and the U.S. escalated
The Shanghai Composite Index fell 3.7% in early trading on Monday during Asian hours, putting it on course for its biggest single-day decline in eight weeks. S&P 500 futures declined about 2%. In Japan, the yen—a haven for investors during times of turmoil—strengthened against the dollar.
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