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US: Wall St opens sharply lower on China woes, oil

US stocks opened higher on Friday as Chinese stocks recovered, oil prices rose slightly and data showed that hiring surged in December in the United States.

[NEW YORK] US stocks opened sharply lower for the second straight day on Thursday after China allowed the yuan to decline further and oil prices slumped to near 12-year lows, raising concerns over the state of the global economy.

The Dow Jones industrial average fell 189.94 points, or 1.12 per cent, to 16,716.57, the S&P 500 lost 21.6 points, or 1.09 per cent, to 1,968.66 and the Nasdaq Composite index dropped 103.30 points, or 2.14 per cent, to 4,732.46.