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Good morning from the newsroom of the Financial Times.

Today is Tuesday, August 6. Good morning from the newsroom of the Financial Times.

Today is Tuesday, August 6th, and this is your FT news briefing.

Protesters in Hong Kong bring the city to a standstill.

U.S. President Donald Trump addresses the nation after two separate mass shootings,

and the problems facing U.S. retail have hit one of Manhattan's best known chains.

But first, the FT's Peter Wells explains

what caused a dismal day for global stocks

as trade tensions between the US and China intensified.

I'm Mark Filipino and here's the news you need to start your day.

This is Peter Wells from the Fast FT Desk in New York. Wall Street had a pretty bad day.

We saw some significant declines for US stocks, a very hefty rally in US treasuries moves into some popular safe haven in

assets such as gold and the yen as well. And how did the day unfold in the

financial markets?

All of this, it was part of a big global equity sell-off,

and that really began on Monday morning in Asia

when China allowed its currency, Renminbi to weaken through

seven Renminbi to the dollar. That is seen as a key psychological level in the minds of traders and

you know amid the whole trade war stuff that we have at the

moment it's seen as a bit of a bad sign of pressure in the Chinese economy perhaps even a bit

...