Five Things You Need to Know to Start Your Day: Asia

China pledges to stabilize markets. Trump threatens tariffs of over 60% on Chinese goods if elected. Houthis vow response to fresh US-UK airstrikes. Here’s what you need to know today.

China pledged to stabilize markets after shares sank to a five-year low in chaotic trading on Friday, but policymakers offered no specifics on how they plan to end a $6 trillion selloff. The China Securities Regulatory Commission vowed to prevent abnormal fluctuations, saying it would guide more medium- and long-term funds into the market and crack down on illegal activities. Shares rallied briefly toward the end of January after Bloomberg reported that authorities were seeking to mobilize about 2 trillion yuan ($278 billion) for a stabilization fund, but the market has since renewed its decline.