Yuan Crashes After Trump Weighs Blocking Retirement Fund Access To Chinese Stocks As War Of Words Escalates

• Yuan Crashes After Trump Weighs Blocking Retirement Fund Access To Chinese Stocks As War Of Words Escalates
  by Tyler Durden, https://www.zerohedge.com/
  Having tumbled yesterday on the first set of headlines reporting on the Trump administration’s plans to seek ‘COVID reparations’ amid accusations of Chinese ‘meddling’ in the US election (obviously not in favor of Trump), the Chinese yuan legged dramatically lower in this evening’s illiquid session which sees most of Asia closed for May Day, after Bloomberg reports that Trump is exploring blocking a government retirement fund from investing in Chinese equities considered a national security risk.
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  Trump made his initial threats from the Rose Garden at the White House Monday after he was pressed by a reporter over a German newspaper report suggesting that China should be issued a $160 billion invoice for the impact on Europe’s economy. The president responded he had a “much easier” idea:
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