US stock futures in red amid China's currency shock

Source: Marketwatch
© ScanPix/Reuters
Equity markets in the US are expected to open in the red on Tuesday, led mainly by companies exporting their goods to China, where the PBoE decided to devaluate the Yuan. Futures for the DJIA declined 0.4%, while futures for the S&P 500 index dropped 0.6%. Chinese currency devaluation is expected to weight negatively on luxury good and auto sector shares that are closely linked to China's market. 
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