Emerging markets currencies took it on the chin Monday and one analyst has told CNBC that the selling will only intensify.
Jens Nordvig, Nomura Securities, shares his thoughts on China's currency devaluation. And Steve Forbes, Forbes Media chairman, weighs in.
CNBC's Eunice Yoon reports public health risk fears are rising after the explosion in Tianjin Port last week.
Claudio Piron, co-head of Asia FX Research at Bank of America Merrill Lynch, says the yuan will likely see stability in the near term as the People's Bank of China gears up for a cut in the reserve requirement ratio (RRR).
Despite a pick-up in capital outflows in the country's financial markets, the amount has been "fairly minimal," says Arjuna Mahendran, Governor of Sri Lanka Central Bank.
Asian travel hotspots may be counting on an ever-growing horde of Chinese tourists for growth, but the weaker yuan may choke off the flow of travelers.
Edison Bian, head of China property at UOB Kay Hian, says the weaker yuan adds pressure to Vanke's high-end projects, as well as the developer's dollar-denominated debts.
China's yuan opened weaker against the dollar on Monday but was stronger than the official midpoint fixed by the central bank.
Wayne Gordon, commodities and FX strategist at UBS Wealth Management and David Mann, chief economist, Asia at Standard Chartered, discuss whether China's move to devalue the yuan added to fears of a currency war.
David Mann, chief economist, Asia at Standard Chartered, discusses the People's Bank of China's new yuan midpoint mechanism, adding that he expects the yuan to hit 6.50 against the dollar by year-end.
Han Ching Choong, investment manager & principal at Kriya Capital, outlines the "landscape shifts" in China which provide good investment opportunities in the long run.
Sam Le Cornu, co-head of Asian listed equities & head of investments at Macquarie, expects continued volatility in Chinese stock markets amid a sharp devaluation in the yuan.
A 3-4 percent devaluation in the yuan won't impact the credit worthiness of Chinese borrowers, says Tim Jagger, senior vice president & portfolio manager for High Yield at Aviva Investors.
Roger Xie, China equity strategist at HSBC, says the airline, property, retail and insurance sectors will likely underperform amid a sharp depreciation in the yuan.
The yuan will likely depreciate further as China takes a step back from currency intervention and as the Fed prepares to raise rates in September, says Khoon Goh, senior FX strategist at ANZ.
Tai Hui, chief Asia market strategist at JP Morgan, says China is allowing markets to have a "little bit more say" in how the yuan was valued.
Ed Ponsi, managing director of Barchetta Capital Management, says the depreciation of the yuan is a "big plus" for an export-driven economy like China.
Recent changes to how China manages the yuan could bring the country "quite close to a float" in its exchange rate, a top IMF official said Friday.
The dollar rose against a basket of currencies on Friday as U.S. producer prices in July hinted some pickup in inflation.
The weakening of the yuan will help boost Chinese profits from overseas ventures as those earnings are brought back to China.