The papers called Beijing's surprise devaluation an "escalation of currency wars", with some stating the move was "best seen as a distress signal from Beijing".
Renewed fears over China's slowdown have hit Japanese equity markets just as the country's reform programme comes under pressure, Hardeep Tawakley reports.
Manager will gain stronger platform to grow presence
Global concerns weighed on decision
Export economy has lost competitiveness
John William Olsen, manager of the M&G Global Growth and M&G Pan European funds, examines the buying opportunities for high-quality companies.
Stephen Message gives his outlook for the UK market in light of the recent global sell-off.