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World stocks tumbled Wednesday as growing concern about emerging market economies added to trade war uncertainty, while the British pound was boosted by a report that Germany has softened its Brexit negotiation stance.The news sent the rand sliding in a similar way to the Argentine peso and Turkish lira in recent weeks.The brewing EM crisis has seen currencies in a number of emerging markets – in particular those with deep current account deficits – take a hammering.India's rupee was sitting at a record low and the Indonesian rupiah at levels last seen during the 1998 Asian financial crisis.The British pound surged nearly 1 percent against the dollar, and about 0.4 percent against the euro on the day, after Bloomberg News reported that Berlin and London were softening Brexit demands to get a deal done.
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