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| Version 2 | Version 3 |
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| Asian markets down as yuan falls further | Asian markets down as yuan falls further |
| (about 2 hours later) | |
| Asian shares fell again as China's central bank guided the value of the yuan down against the dollar for a second consecutive day. | Asian shares fell again as China's central bank guided the value of the yuan down against the dollar for a second consecutive day. |
| The People's Bank of China fixed the daily midpoint for the currency down 1.6% to 6.3306 against the dollar. | The People's Bank of China fixed the daily midpoint for the currency down 1.6% to 6.3306 against the dollar. |
| The Shanghai Composite share index closed down 1.1% at 3,886.32 while markets in the rest of the region fell even more sharply. | |
| Hong Kong's Hang Seng index ended 2.4% lower at 23,916.02. | |
| China's central bank tried to calm market concerns on Wednesday, saying that there was no basis for a sustained depreciation of the yuan given global and domestic economic conditions. | China's central bank tried to calm market concerns on Wednesday, saying that there was no basis for a sustained depreciation of the yuan given global and domestic economic conditions. |
| Overnight, US stocks had fallen sharply in reaction to Beijing's surprise decision, leading to a negative start to morning trading across Asia. | Overnight, US stocks had fallen sharply in reaction to Beijing's surprise decision, leading to a negative start to morning trading across Asia. |
| In Japan, the Nikkei 225 index, closed down 1.6% at 20,392.77. | In Japan, the Nikkei 225 index, closed down 1.6% at 20,392.77. |
| South Korea's benchmark Kospi index ended the day down 0.6% at 1,975.47. | South Korea's benchmark Kospi index ended the day down 0.6% at 1,975.47. |
| However, Korean carmakers bucked the downward trend. Strong sales figures for Kia and Hyundai helped shares in both of their companies rose by more than 5%. | However, Korean carmakers bucked the downward trend. Strong sales figures for Kia and Hyundai helped shares in both of their companies rose by more than 5%. |
| Also, feeling the aftershocks of China's surprise move, the Australian S&P/ASX 200 index finished 1.7% lower at 5,382.10. | Also, feeling the aftershocks of China's surprise move, the Australian S&P/ASX 200 index finished 1.7% lower at 5,382.10. |
| Shares in the country's biggest bank, the Commonwealth Bank of Australia, were halted from trading as the lender announced a A$5bn capital-raising in order to meet stricter regulatory requirements. | Shares in the country's biggest bank, the Commonwealth Bank of Australia, were halted from trading as the lender announced a A$5bn capital-raising in order to meet stricter regulatory requirements. |