NewsFeeder
10-09-2018, 01:11 AM
Global Markets: Asia shares hit 17-month low, China lets yuan slip
Asian shares hit 17-month lows on Tuesday as China allowed its currency to slip past a psychological bulwark amid recent losses in domestic share markets, a shift that pressured other emerging currencies. The Pakistani rupee plunged about 5 percent in an apparent devaluation by the central bank, market participants said. The IMF added to the malaise by cutting forecasts of global growth for both this year and next, including downgrades to the outlook for the United States, China and Europe.
https://finance.yahoo.com/news/asia-stocks-17-month-low-004426581.html?.tsrc=rss
Asian shares hit 17-month lows on Tuesday as China allowed its currency to slip past a psychological bulwark amid recent losses in domestic share markets, a shift that pressured other emerging currencies. The Pakistani rupee plunged about 5 percent in an apparent devaluation by the central bank, market participants said. The IMF added to the malaise by cutting forecasts of global growth for both this year and next, including downgrades to the outlook for the United States, China and Europe.
https://finance.yahoo.com/news/asia-stocks-17-month-low-004426581.html?.tsrc=rss