Wall Street Slumped On Monday And Futures Pointed To More Losses

Wall Street slumped on Monday and futures pointed to more losses to come after a fall in China's yuan currency and US President Donald Trump's vow to impose additional tariffs on Chinese goods sparked an escalation of the US-China trade war.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.75% to its lowest since January.
Japan's Nikkei shed 2.7%, Australian stocks fell 2.6% and South Korea's KOSPI slid 1.5%.

Trends on SGX Nifty indicate a negative start for the broader indices in India, a fall of 84.50 points or 0.78 percent. Nifty futures were trading around 10,785-level on the Singaporean Exchange.

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