106.3 WORD TRAFFIC

    Currency markets

    A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Aug. 6, 2019. Asian stocks followed Wall Street lower on Tuesday after China let its currency sink and halted purchases of U.S. farm goods, fueling fears Beijing's trade war with President Donald Trump will harm the global economy. (AP Photo/Lee Jin-man)
    August 06, 2019 - 8:45 am

    Global stocks rebound as China eases up on currency

    LONDON (AP) — Stock markets turned higher on Tuesday as China stabilized its currency after allowing it to depreciate against the dollar in response to President Donald Trump's decision to put more tariffs on Chinese goods. The more buoyant tone follows a big sell-off Monday, when stocks were...
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    A bank employee counts U.S. dollar banknotes next to stack of 100 Chinese yuan notes at a bank outlet in Hai'an in eastern China's Jiangsu province, Tuesday, Aug. 6, 2019. China's yuan fell further Tuesday against the U.S. dollar, fueling fears about increasing global damage from Beijing's trade war with President Donald Trump. (Chinatopix via AP)
    August 06, 2019 - 3:55 am

    China's yuan falls further amid trade war fears

    BEIJING (AP) — China allowed its yuan to fall further Tuesday and accused Washington of damaging the global economy, fueling fears about increasing damage from their trade war. The yuan declined to 7.0562 to the U.S. dollar before strengthening to 7.0297 in the afternoon. That came a day after...
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    Trader James Coffey works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019. U.S. stocks nosedived in early trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating. (AP Photo/Richard Drew)
    August 05, 2019 - 11:49 pm

    Asian stocks follow Wall Street lower as trade war worsens

    BEIJING (AP) — Asian stocks followed Wall Street lower on Tuesday after China let its currency sink and halted purchases of U.S. farm goods, fueling fears Beijing's trade war with President Donald Trump will harm the global economy. China's main index lost 2.5% and Tokyo fell 2%. Markets in Hong...
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    FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. The U.S. Treasury Department labeled China a currency manipulator Monday, Aug. 5, after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world's two biggest economies. (AP Photo/Kin Cheung, File)
    August 05, 2019 - 7:42 pm

    US Treasury Department labels China a currency manipulator

    WASHINGTON (AP) — The U.S. Treasury Department labeled China a currency manipulator Monday after Beijing pushed down the value of its yuan in a dramatic escalation of the trade conflict between the world's two biggest economies. The decision, which came hours after President Donald Trump accused...
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    FILE - In this June 10, 2019, file photo, a man walks past a money exchange shop decorated with different banknotes at Central, a business district of Hong Kong. China's yuan fell below the politically sensitive level of seven to the U.S. dollar on Monday, Aug. 5, 2019, possibly adding to trade tension with Washington. The currency weakened to 7.0177 in early trading following U.S. President Donald Trump's threat last week of tariff hikes on additional Chinese imports in a fight over Beijing's trade surplus and technology policies. (AP Photo/Kin Cheung, File)
    August 05, 2019 - 6:20 am

    China's yuan falls below sensitive level of 7 to US dollar

    BEIJING (AP) — China allowed its yuan to fall below the politically sensitive level of seven to the U.S. dollar on Monday for the first time in 11 years, prompting concern Beijing might use devaluation as a weapon in a tariff war with Washington. The central bank blamed the exchange rate's decline...
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    A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, Aug. 5, 2019. Asian stock markets fell for a third day Monday after China allowed its yuan to sink to its lowest level this year following President Donald Trump's latest tariff threat.(AP Photo/Eugene Hoshiko)
    August 05, 2019 - 5:12 am

    Global stocks tumble after China lets yuan sink

    BEIJING (AP) — Asian stock markets fell for a third day Monday after China allowed its yuan to sink to an 11-year low following President Donald Trump's latest tariff threat. Tokyo's main index fell 2.1% and Hong Kong's benchmark lost 2.9%. Shanghai, South Korea and Australia also retreated. China'...
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    FILE - In this July 19, 2019, file photo specialist Michael Pistillo, right, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 2. (AP Photo/Richard Drew, File)
    August 05, 2019 - 12:25 am

    Asian stock tumble after China lets yuan sink

    BEIJING (AP) — Asian stock markets fell for a third day Monday after China allowed its yuan to sink to its lowest level this year following President Donald Trump's latest tariff threat. The main indexes in Tokyo and Hong Kong both fell 2.4% while Shanghai, South Korea and Australia also retreated...
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    FILE - In this July 19, 2019, file photo specialist Michael Pistillo, right, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 2. (AP Photo/Richard Drew, File)
    August 02, 2019 - 5:22 pm

    S&P 500 posts its worst week of 2019 as trade tensions flare

    Investors rattled by President Donald Trump's latest escalation in his trade war with China drove another round of selling on Wall Street Friday. The latest losses marked the fifth straight drop for the S&P 500 and the worst week of the year for the market just seven days after the benchmark...
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    Chinese investors monitor stock prices at a brokerage house in Beijing, Friday, Aug. 2, 2019. Asian stock markets plunged Friday after President Donald Trump's surprise threat of tariff hikes on additional Chinese imports. (AP Photo/Mark Schiefelbein)
    August 02, 2019 - 7:43 am

    Trump's latest tariffs weighs on markets ahead of payrolls

    LONDON (AP) — Global stock markets remained under pressure Friday, particularly in Europe, after President Donald Trump's shocked investors with another tariff announcement on Chinese imports. Monthly U.S. jobs figures could provide a distraction for investors later. Trump's announcement of 10%...
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    A Chinese investor uses a computer terminal as he monitors stock prices at a brokerage house in Beijing, Friday, Aug. 2, 2019. Asian stock markets plunged Friday after President Donald Trump's surprise threat of tariff hikes on additional Chinese imports. (AP Photo/Mark Schiefelbein)
    August 02, 2019 - 3:40 am

    China's yuan falls to 2019 low after Trump tariff threat

    BEIJING (AP) — China's yuan has fallen to its lowest level this year against the dollar following President Donald Trump's threat of new tariffs on Chinese goods, coming close to breaking the politically sensitive level of seven to the U.S. currency. The yuan fell to 6.950 to the dollar, its lowest...
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