Mark Barnett, head of UK equities at Invesco Perpetual and manager of the Edinburgh investment trust, analyses the growing pressures on listed companies from a number of sources.
Equities look compelling
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