Part 7/11:
Chinese financial markets responded to these renewed tensions with notable declines. The Hong Kong-listed China Enterprises index fell as much as 2.4%, with heavyweights like Alibaba and Tencent leading the decline, while the Shanghai Composite (CSI 300) slid 2.7%. In response, China’s central bank strengthened its daily currency fixing to the strongest level since November of the previous year, attempting to stabilize the yuan amid the geopolitical turmoil.