Tech shares and the yuan have slipped on the leadership reshuffle news China’s yuan weakened sharply on Monday and the country’s stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his third term and made a major leadership reshuffle. The renminbi hit a fresh 14-year low against the US dollar on the onshore market. The Hang Seng Tech Index, which tracks the 30 largest technology firms listed in Hong Kong, plunged almost 10%. Shares of tech giants Alibaba and Tencent both nosedived more than 11%, wiping a combined $54 billion off their stock market v
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