Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The renminbi weakened and Chinese stocks fell after US President Donald Trump said he could impose a 10 per cent tariff against China from next month.
The CSI 300 index of Shanghai- and Shenzhen-listed companies closed down 0.9 per cent on Wednesday, while Hong Kong’s Hang Seng index retreated 1.6 per cent, led lower by the mainland Chinese companies listed in the territory.
The offshore renminbi, which trades free of the limits imposed by Chinese financial authorities, weakened by 0.3 per cent on Wednesday to 7.29 a dollar before recovering to 7.27.
The dollar strengthened by 0.15 per cent against a basket of currencies including the pound and the yen. The price of gold also rose to an 11-week high of $2,758 per troy ounce.
“The central question about tariffs is does Trump want [higher] tariffs or does he…
