The yen soared against the dollar after a round of modest monetary policy easing from the Bank of Japan disappointed investors. » Read More
Considering how fast China's economy has grown over the years, the current slowdown may not necessarily be a bad thing, says John Lee, group chief risk officer at Maybank.
Daniel So, strategist at CMB International Securities, outlines the factors that contributed to the weak flash Caixin/Markit manufacturing purchasing managers' index (PMI) for August.
David Zhang, head of E Fund & PM at E Fund Management, US, says Chinese investors tend to "buy the rumor [and] sell the news". The Shanghai Composite nearing the 4,000 level also prompted some profit-taking, he adds.
Adrian Mowat, MD, chief Asian and emerging market equity strategist at JP Morgan, explains why markets have been "overly dramatic" to the sell-off in emerging markets.
John Slosar, chairman of Swire Pacific, says global markets are overreacting to the slowdown in China and explains why the weaker yuan won't dent the spending power of Chinese consumers.
The dollar fell against a basket of major currencies, with investors trimming bets in its favor.
Kathy Lien, managing director of FX Strategy at BK Asset Management, expects China's slowdown, the sell-off in commodities and a looming U.S. rate hike to weigh on emerging market currencies.
Toby Lawson, managing director at Societe Generale Newedge, says Chinese authorities may need to look at lowering the reserve requirement ratio (RRR) so as to induce a sense of normality.
Esben Poulsson, president of the Singapore Shipping Association (SSA), says he's not pessimistic about the dry bulk shipping market, despite reports saying that a return to profitability isn't expected until 2017.
Kathy Lien, managing director of FX Strategy at BK Asset Management, outlines the three goals that will likely motivate Beijing to weaken the yuan further.
The dollar fell on Wednesday as investors positioned for a U.S. interest rate hike in September pulled back.
Mark Grant, Southwest Securities, says devaluation of the yuan and Chinese market manipulation are signs of concern in China. Also Grant provides his call on oil.
Subir Gokarn, director of research at Brookings India, says other countries competing with China in terms of exports will have to work with the assumption that there will be further depreciation in the yuan.
Roy Teo, senior FX strategist at ABN AMRO Bank, says Thailand's tourism industry will likely be impacted in the near term, thereby raising the risk for more fiscal and monetary stimulus.
Alan Robinson, vice president & research analyst at RBC Wealth Management, expects the yuan to hit 6.9 against the dollar over the next 12 months, adding that the devaluation is a "step in the right direction."
Following the 6.1 percent slump on the Shanghai Composite, a 1-2 percent fall in the index on Wednesday is "not surprising at all," says William Ma, CIO of Gottex Fund Management.
CNBC's Rick Santelli discusses the weakening of the yuan, with Burton Malkiel, Princeton University and Wealthfront CIO.
Kamakshya Trivedi, chief EM macro strategist at Goldman Sachs, says he expects further Yuan devaluation; however the pace will be slowed.
Ben Gutteridge, head of fund research at Brewin Dolphin, says he has reason to believe that we haven’t seen the end of China’s currency devaluation spree.
Herald Van Der Linde, head of equity strategy, Asia Pacific at HSBC, says average home prices in China are "trying to creep higher."