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Stocks Shrug Off Trade War, But Yuan Weakens

The Shanghai Composite Index traded down on Friday morning but rebounded in the afternoon before finishing the session up 0.45%. Photo: IC
The Shanghai Composite Index traded down on Friday morning but rebounded in the afternoon before finishing the session up 0.45%. Photo: IC

* Analysts said stock investors had already priced in the impact of escalating trade tensions

* Shanghai Composite Index lost more than 3.52% this week, marking its seventh straight week of losses

(Beijing) — Beijing’s accusation that the U.S. was “launching the biggest trade war in history” on Friday left Chinese stock-buyers unfazed, even as the official rollout of tit-for-tat protective tariffs put continued downward pressure on China’s currency, the yuan.

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