Chinese Markets Tumble as Xi’s Tightening Grip Alarms Investors

(Bloomberg) -- China’s yuan weakened and country’s stocks tumbled to the lowest level since the depths of the 2008 global financial crisis in Hong Kong, a stark rebuke of President Xi Jinping’s move to stack his leadership ranks with loyalists.Most Read from BloombergTSMC Suspends Work for Chinese Chip Startup Amid US CurbsWall Street Is Heading to Saudi Arabia as US Oil Spat SimmersSunak Edges Closer to UK Leadership Prize as Johnson CavesThe offshore yuan weakened as much as 0.7% to 7.2782 per
Click Here To Get Funded!