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(VOV World) - On Thursday, China devalued its Yuan against the US dollar to the lowest since 2015 by 0.51% to 6.5646.

According to China Foreign Exchange Trade System, it was the 8th consecutive trading session of the People’s Bank of China (PBoC) that witnessed the lowest fall of the Yuan’s value since the central bank’s 5-percent devaluation of the Yuan last August.

On Thursday morning, the Chinese stock market was shuttered 15 minutes because stocks plummeted sharply with Shanghai and Shenzhen composite indexes sliding by 5.45% and 6.77% respectively.