Washington seeks to put intermediate-range weapons in region after treaty withdrawal
Investors must now guess how much pain the two countries will inflict on each other
Beijing issues strongest warning yet that it will not let financial hub sink into chaos
Nerves also soothed as renminbi steadies after falling through key floor
Beijing sees ‘managed float’ as key to stability, Washington sees it as manipulation
Were Beijing to sell off its Treasury holdings, extreme market volatility would follow
Beijing has pledged to ensure currency’s stability after letting it weaken
New Development Bank aims to double loan book and focus on local currency lending
Move comes after Beijing let renminbi fall through key level
Housing stimulus has been ruled out but economy will struggle with withdrawal symptoms
Mike Mackenzie’s daily analysis of what’s moving global markets
S&P 500 ends 3% lower and bond yields plunge
Global oil benchmark falls amid sharp rise in trade tensions
Order issued to state-owned enterprises in retaliation for latest Trump tariffs
The drop through Rmb7 per dollar will have limited economic impact
Sector faces its worst day since January amid broad sell-off