Overview: The US has ratcheted up pressure on China on several fronts and has sapped risk appetites ahead of the weekend. Equity markets are lower across the world. Even in India, where the central bank unexpectedly cut the repo rate 40 bp, shares fell 0.7%. It was Hong Kong's 5.5% that led the region lower. Europe's Dow Jones Stoxx 600 is off around 1% in late morning turnover to pare this week's gain to about 2.5%. US shares are trading heavily, and the S&P 500 is posed trim this week's 3% gain coming into today's session. The dollar is bid against nearly all the world's currencies. The yen flat. For the week, ... (full story)