Global Markets Turmoil After China Extends Currency War To 2nd Day - Devalues Yuan To 4 Year Lows
August 12, 2015 at 04:44 AM EDT
Chinese stocks opened lower, extending yesterday's losses, after The PBOC weakened its Yuan FIX dramatically for the 2nd consecutive day (from 6.1162 Monday to 6.2298 last night to 6.3306).