How the Yuan’s Devaluation Will Impact Stock Markets
In terms of the overall China growth story, a weak currency and moderated economic expansion might not be so bad.
Archie Hart
August 14, 2015
A pedestrian holding an umbrella walks past an electronic stock board displaying the closing figure of the Nikkei 225 Stock Average, top row center, the Hang Seng Index, bottom row from left, the Shanghai Composite Index, the Kospi index and the Taiwan Capitalization Weighted Stock Index outside a securities firm in Tokyo, Japan, on Tuesday, Aug. 11, 2015. China devalued the yuan by the most in two decades, a move that rippled through global markets as policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia's largest economy. Photographer: Kiyoshi Ota/Bloomberg
Kiyoshi Ota/Bloomberg
