China’s Yuan Slumps to 11-Year Low as US-China Trade War Escalates

An employee counts Chinese 100 yuan banknotes at a branch of Bank of Communications in Shenyang, Liaoning Province, China on July 6, 2012. Reuters

SHANGHAI/HONG KONG—China’s yuan slumped to a fresh 11-year low against the dollar on Aug. 26 and stocks fell as the Sino-U.S. trade war sharply escalated.

In Hong Kong, a weekend flare-up in violence during anti-government protests added to pressure on share prices.