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Global selloff continues after US labels China a currency manipulator

Hong Kong (CNN Business)Stocks in Asia were down across the board for a second day on Tuesday as the US-China trade war reached a fever pitch. The yuan jumped Tuesday around noon — recouping some of its previous declines after the Chinese central bank announced plans to issue 30 billion yuan worth of central bank bills in Hong Kong next week. The bills drain yuan out of the market and push up interest rates, making it more expensive for investors to bet on a weaker currency. “The bill sales in…

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