Squawk Box Live

Reaction: China stocks fall 5%; Russia assets slump

Squawk Box Live in Europe tracked market reaction after China attempted to calm volatile markets by fixing the yuan higher against the dollar for the second successive session. This after last week's sell-off wiped $1 trillion off the value of Chinese stocks.

We also kept an eye on Russian assets, after stocks fell after opening for their first day of trade for 2016.

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