China stocks edge lower on yuan depreciation worries



Oct 12 China stocks dipped on Wednesday, led by resources shares, as renewed worries about weakness in the yuan hurt investor sentiment and reduced the appeal of Chinese assets.
The blue-chip CSI300 index and the Shanghai Composite Index both ended down 0.2 percent at 3,300.01 and 3,058.50 points, respectively.
The Chinese currency briefly touched a fresh six-year low on Wednesday, fuelling speculation of further depreciation as the dollar firms on growing expectations of a U.S. rate hike in December. The yuan later clawed back the losses.
Some investors were also concerned about the... read more

 
12 October 2016 in World News, Views: 39
Source: Reuters
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