We are having a crisis of confidence among investors, says Jing Ulrich, JPMorgan Chase, discussing China's attempts to stabilize financial markets.
Martin Sorrell, CEO of WPP, talks about China's economy and the reaction to Chinese market turmoil.
Andrew Sheets, chief cross-asset strategist at Morgan Stanley, discusses the impact China's devalued currency will have on international companies.
A bronze sculpture in China showing a bull firmly pinning a bear to the ground has garnered swift attention in the country.
The dollar rose on Tuesday, earning a breather from a slide to seven-month lows against the yen as U.S. Treasury bond yields climbed higher.
Adi Godrej, chairman of Godrej Group, says the benefits of a cheaper import bill for palm oil due to recent sharp falls in the ringgit and rupiah offset the negative currency impact on its consumer product business in Indonesia.
Apart from China-related fears, the possibility of an interest-rate hike in the U.S. also contributed to the global market meltdown, says Uwe Parpart, MD & Head of Research at Reorient Financial Markets.
The euro hit a 6 1/2-month high and the yen struck a peak against the dollar as investors flocked to safe haven currencies.
Following calls for parity against the dollar just a few months ago, the single currency is now one of the few assets in the world rallying.
Jason Thomas, The Carlyle Group, shares his thoughts about systemic risk in China and the broader issues it indicates about the economy. And CNBC's Michelle Caruso-Cabrera adds insight.
Users posted thousands of anguished comments on Weibo, the popular Chinese social media platform, as the country's indices plunged.
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.