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US: Wall St opens lower as China weakens currency

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US stocks fell in opening trade Monday, kicking off a week that includes earnings from Wal-Mart Stores and the release of Federal Reserve meeting minutes.

[NEW YORK] US stocks opened lower on Tuesday after China's surprise devaluation of the yuan increased unease about the health of the world's second-largest economy and pushed the dollar higher.

At 9:31 am EDT the Dow Jones industrial average was down 102.56 points, or 0.58 per cent, at 17,512.61. The S&P 500 was down 10.49 points, or 0.5 per cent, at 2,093.69 and the Nasdaq composite was down 30.64 points, or 0.6 per cent, at 5,071.16.

REUTERS

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