The trade war between the US and China has increased the influence of Chinese yuan on the emerging markets - especially in the Asia-Pacific region (APAC). The correlation between yuan and regional stock markets and currencies reached unprecedented levels in 2019 and the trend is set to continue, as China strives to increase the influence of its economy in global trade to counter the adverse effects of trade conflict with the US. According to the recent statistic provided by the Bank for International Settlements, the share of emerging-market currencies in daily global transactions rose by 3.5% between 2016 and 2019 ... (full story)