Wall Street has had its worst day of 2019 amid escalating trade tensions between the U.S. and China.
The DOW fell 767 points or 2.9 per cent to finish at 25,717. The NASDAQ lost 278 points or 3.4 per cent to finish at 7,726.
The S&P 500 sunk 87 points or 2.9 per cent to finish at 2,844.
U.S. stocks plunged as China allowed its currency to fall to its lowest level in more than a decade amid threats that the U.S. could impose additional tariffs on billions of dollars worth of Chinese goods as of September 1.
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