Global Stocks Tumble to Worst Start Since 2000 on China Concerns

  • Weakened yuan, rout in crude pummels equities around world
  • Dow Average drops more than 250 points, Treasuries rally

Why Are Global Markets So Transfixed by the Yuan?

Global equities capped their worst start to a year since 2000, with the Dow Jones Industrial Average sliding more than 250 points, as China unexpectedly weakening its currency fueled fresh concern over the strength of the world economy. Bonds gained.

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