China’s yuan plunged the most in three years and equity markets were roiled after President Donald Trump’s threat to increase tariffs on Chinese imports cast a cloud over talks this week that were expected to finalize a trade deal. The yuan slumped as much as 1.3 percent against the dollar, and Chinese shares tumbled more than 5 percent when the market opened after a holiday. Futures on the S&P 500 Index sank as much as 2.2 percent after Trump tweeted a plan to hike tariffs on Friday and China was reported to consider delaying the upcoming talks. The Australian dollar also fell, while the yen climbed. West Texas Intermediate crude declined almost 3 percent. U.S. Treasury futures soared, with the cash market closed due to a holiday in Japan.  -  Bloomberg 


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