China In-Focus — Stocks fall; yuan hits 11-week low ahead of Pelosi’s expected Taiwan visit

Follow-ups -eshrag News:

Tue, 2022-08-02 13:19

RIYADH: China stocks posted their biggest fall in more than two months on Tuesday, as tensions between Washington and Beijing escalated amid reports of US House of Representatives Speaker Nancy Pelosi’s planned visit to Taiwan.

Pelosi, who began her trip to Asia earlier on Monday in Singapore, was due to spend Tuesday night in Taiwan, three sources said. The US said it would not be intimidated by Chinese threats to never “sit idly by” if she made the trip to the island claimed by Beijing.

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