Sunday, January 10, 2016

Asian Stocks Continue Downward in Early Trading

The downward pressure that marked stocks across Asia and the wider world last week appears to be continuing. In early trading Chinese stocks are down about two percent.

Reuters reported on the movement, which is being exaggerated by the Yuan dropping in value.

China was again the epicenter of unease as the People's Bank confounded analysts by guiding the yuan sharply stronger, a move that might calm concerns about a competitive devaluation but only added to market confusion as to Beijing's ultimate intent.

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