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The most exposed countries have a high dependence on exports and a substantial presence in the electronics, auto, and shipping sectors.
China’s yuan touched the weakest level since May 2008, as the central bank cut its daily fixing and on signs that a trade war with the U.S. may escalate.
“It may work, it might not work,” Casares said Monday in a Bloomberg Television interview. “We are in the equivalent of 1992 for the internet.”
Goldman Sachs Group Inc. says that “fear” has made a comeback and gold is benefiting as stocks slide and investors fret more about the possibility that the U.S. economy may tumble back into recession.
These cryptocurrencies represent an intermediate concept, linking the web and traditional economies without full integration.
All about bitcoins and blockchains.
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