China currency war fears wipe $2.6 trillion off global markets in four days

Equities suffer their worst start to a calendar year since the bursting of the dotcom bubble in 2000 as fears over China’s exchange rate grow

Global stocks markets have seen $2.5 trillion wiped off their value in just four trading days, the worst start to a calendar year since the aftermath of the dotcom crash in 2000.

Stocks suffered another tumultuous day of trading gripped by renewed fears that the world’s second largest economy was engineering a devaluation of its currency.

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