Currency tensions have been easing, but China's central bank fixed its yuan at a new year low. Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds.
The stock markets opened slightly higher after hitting lows for the year amid the escalating trade war. Monday's Dow Jones plunge is considered one of the worst days in the market of The Dow took a nosedive, falling nearly 3 percent, in the worst day this year; however, stocks were still up
Tokyo Markets Close in:. Currencies Europe Markets London Markets. Asian markets mixed after China moves to stabilize yuan.
By Hideyuki Sano and Noah Sin. Signs that China is stepping in to steady the yuan after its recent sharp fall also helped ease investors' fears of a possible global currency war, though the yuan slipped further in morning trade, keeping markets guessing. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed in early trade but turned lower and was down 0. Still, selling pressure was mild compared with the last few sessions, when trade tensions intensified by the day.
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Fragile calm returns to stock markets as yuan steadies. What changed for the market while you were sleeping? Top 10 things to know.
The yen held near a TRADE risks returned to global markets on Monday, following US President Donald Trump's new tariff threats, prompting analysts to recommend profit-taking as the bull run may take a pause. Skip to main content. Asia stocks.
Asian markets sank in early trading Monday, as worsening trade tensions between the U. Some Chinese manufacturers are dodging U. BEIJING--Activity at China's factories showed signs of recovery in July though it continued to contract, a private gauge indicated, echoing the trend in the government's data.
Treasuries led a global bond rally as investors dashed to safer assets. Singapore shares plunged 2 per cent on yuan weakness and trade war escalation. Hong Kong shares were hit hardest in Asia as protesters moved to shut down the financial hub in widening social unrest. Landlords, retail stocks and casinos once again bore the brunt of the selling as protesters sought to shut down the city with a general strike.