Global stocks and Asian currencies fell Tuesday after China unexpectedly devalued the yuan in response to weakening trade and growth, AP reported. France's CAC-40 fell 1.1 percent to 5,139.56 and Germany's DAX lost 1.6 percent to 11,424.76. Britain's FTSE 100 shed 0.7 percent to 6,687.13. Wall Street looked set to give up some of the previous day's gains. The future for the Dow Jones industrial average fell 0.5 percent while S&P 500 futures eased 0.4 percent. Tokyo's Nikkei 225 lost 0.4 percent to 20,720.75 and Seoul's Kospi was off 0.8 percent at 1,986.65. The Shanghai Composite Index ended little changed at 3,927.91 and Hong Kong's Hang Seng declined 0.1 percent to 24,498.21. Sydney's S&P/ASX 200 lost 0.7 percent to 5,473.20 and India's Sensex shed 0.7 percent to 27,942.70. Singapore, Bangkok and Jakarta also retreated. The dollar gained to 124.95 yen from Monday's 124.55 yen. The Australian dollar sank 1.3 percent to $0.7321. The U.S. dollar also gained against a raft of Asian currencies including a 0.5 percent rise against the Indian rupee and a 1.8 percent jump against the South Korean won. The euro rose to $1.1037 from $1.1021. Benchmark U.S. crude fell 80 cents to $44.16 per barrel in electronic trading on the New York Mercantile Exchange. The contract jumped $1.09 to $44.96 on Monday.
