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Yuan wreaks havoc on markets

THE further devaluation of the Chinese yuan yesterday sparked a global sell-off.

Kristie Batten

The Euro Stoxx slumped by 3.3%, while the FTSE 100 was down by 1.4% with the big miners mixed. Glencore plummeted by a further 5.6% to a new all-time low. Meanwhile, US stocks had been as much as 1.5%...

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