Daryl Liew, head of portfolio management at REYL, attributes the meltdown on Wall Street to factors such as fears over a China-led slowdown in global growth and how that could derail the Fed rate hike.
Stephen Ma, head of Greater China equities at BMO Global Asset Management, says Chinese markets are seeing "signs of a perfect storm" in the short term on the back of a stubborn economic slowdown.
Tim Seymour, CIO of Triogem Asset Management, says the fallout in global markets on the back of Beijing's move to devalue the yuan is "bizarre."
Ben Sy, head of fixed income, FX & commodities at JP Morgan, expects economic growth in China to be worse off in the second-half of the year hence exerting more pressure on the FX space.
The dollar tumbled more than 1 percent against the euro and the yen on Friday.
CNBC's Steve Liesman reports on comments by U.S. Treasury Secretary Jack Lew on China's currency move.
August’s wave of currency interventions could just be the start of a “race to the bottom,” with several major emerging markets looking set to devalue in the near-future.
John Kilduff, Again Capital, and Boris Schlossberg, BK Asset Management, weigh in on crude's outlook, global economy concerns, and the play on the euro.
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.