China Syndrome Hits Emerging Markets, But Watch for a Recovery

Emerging markets were left reeling as the U.S.-China trade dispute thrust itself back on to traders’ radars after two Trump tweets killed any sense that the stand-off was near to being resolved. Though it was a sea of red across Asia on Monday, Chinese markets suffered the most as the market reopened from a holiday, with the yuan having the biggest drop in more than three years and the Shenzhen Composite retreating as much as 8 percent.

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Source: bloomberg.com 6 May 2019, 09:44 BST