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Stock Market News: Opening Bell, August 17, 2018

by businessinsider.com posted 11months ago 50 views
Here is what you need to know. Chinese stocks tank to their lowest level since January 2016. China's Shanghai Composite fell 1.34% on Friday, settling at its lowest level since January 28, 2016, as trade-war fears and a domestic deleveraging campaign by Chinese authorities weighed. The lira is tumbling after the US said it's ready to kick its battle against Turkey up a notch. The Turkish lira plunged as much as 8.77% Friday morning after US Treasury Secretary Steven Mnuchin threatened further sanctions against Turkey if it did not release the detained American pastor Andrew Brunson.

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