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 U.S. stocks opened lower on Wednesday as investors assessed the impact of Turkey's currency crisis and escalating trade tensions between the United States and its trading partners.
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 U.S. stock benchmarks early Wednesday traded lower as fears about the health of the Turkish economy weighed on the broader market. The Dow Jones Industrial Average fell 148 points, or 0.6%, at 25,147, the S&P 500 index declined by 17 points, or 0.6%, at 2,822, while the Nasdaq Composite Index gave up 0.7% at 7,817. Reignited concerns that problems in Ankara could ripple to emerging markets and economies in Europe have underpinned recent selling in stocks and flight to the perceived safety of government bonds and away from equities. Turkish lira , however, were higher against the dollar, up 4.9%, even after the country announced that it would impose duties against U.S. imports, including alcohol. The 10-year Treasury note was yielding 2.86%, with bond prices rising as yields fall. In the latest economic data, retail sales climbed by 0.5% in July, above expectations. In corporate data, shares of Tencent Holdings Ltd. were lower after the technology company reported second-quarter earnings and revenue that missed expectations.
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SFGate
BANGKOK (AP) — Shares were mixed Wednesday after Turkey announced it was increasing tariffs on imports of some U.S. products, escalating a feud with the United States that has helped trigger a currency crisis. KEEPING SCORE: Germany's DAX rose ...
On Turkey, Trump Turns Trade War to Financial War
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 * Italy starts audit of bridges, tunnels
(Adds quote about alleged cement falls in 1980s, Autostrade
meeting, four French nationals dead)
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Reuters
ISTANBUL (Reuters) - Turkey doubled tariffs on some U.S. imports including alcohol, cars and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied further after central bank's liquidity moves had the effect of supporting the currency.
On Turkey, Trump Tur
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