NEW YORK ( TheStreet) -- Last week was mixed for global markets with varied responses from different countries with regards to Chinese yuan reforms. As the Chinese central bank announced that it would loosen the yuan and give room for flexibility against the greenback it raised many questions and concerns all over the world.The S&P 500 declined 3.6% last week and the Dow Jones Industrial Average declined 2.9%. The Shanghai Composite Index and India's Nifty index were down 1.8% and 1%, respectively. On the positive side, Brazil's Bovespa gained 0.6%.
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