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Direct: European stock indexes fell at the end of trading on Tuesday, because of global trade tensions, and the launch of China by the US Treasury Department described as a "currency manipulator".
The United States described China as a currency manipulator after the yuan hit its 10-year low against the US dollar yesterday.
While the Chinese central bank today fixed the exchange rate of the yuan at a higher than expected level, a plan to alleviate global market fears about the fall of the Chinese currency.
European equities posted heavy losses yesterday after the press reported that China had forced state-owned companies to stop importing US agricultural products after the US decision.
According to current US economic data, US plant orders posted the largest increase in two years in June.
By the end of the session, the Stoxx 600 index had lost 36% to 367.7 points, while the German DAX index had lost 0.8% to 11,567.9 points.
The British FTSE fell 0.7% to 7,171.6 points and the French ACC 0.1% to 5,234.6 points.
At 16:07 GMT, the euro was stable against the dollar at 1,1997 USD.
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