After a six-day rally, Chinese stock indices in Hong Kong have faced a sharp decline, reflecting heightened concerns over the escalation of the trade war between the U.S. and China. This situation has significantly impacted investor sentiment in the region, showcasing the markets' vulnerability to geopolitical factors.
Recent developments in international markets have brought positive news for the Chinese currency — the yuan. This increase occurred following the latest statements from President Donald Trump, who indicated a preference against raising tariffs on exports to China. As a result, the yuan reached its strongest level in six weeks, both domestically and on foreign markets.