Global Markets: Hardening U.S.-China trade fight sends stocks, yuan reeling

By Lewis Krauskopf NEW YORK (Reuters) - Global stock markets tumbled on Monday and the Chinese yuan fell to its lowest level since December as the trade dispute between the United States and China escalated. MSCI's gauge of stocks across the globe shed 2.05%, on pace for its biggest one-day drop in more than five months as it touched a two-month low. Wall Street's main indexes tumbled well over 2.5%.

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