Powered by

Global selloff continues after US labels China a currency manipulator

Aug 06, 2019 - CNN
Board and Executive Moves

HONG KONG (CNN Business) -- Stocks in Asia were down across the board for a second day on Tuesday as the US-China trade war reached a fever pitch.

The sell-off began Monday when the Chinese government let the yuan fall below its 7-to-1 ratio with the US dollar for the first time in a decade. US markets went on to suffer some of their biggest drops of the year. The Trump administration later labeled China a "currency manipulator."

Hong Kong's Hang Seng Index, Japan's Nikkei, mainlan...