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Main » 2016 » January » 6 » Asian markets cautious, despite the growth of Chinese funds
Asian markets cautious, despite the growth of Chinese funds

The cost of the majority of shares in Asia fell on Wednesday. The reason for this became investors' concerns about the volatility of the Chinese market, despite the fact that it showed an increase in stocks.



The cost of the Shanghai Composite Index rose 0.3%, while the index of Hong Kong's Hang Seng fell 0.3%. The cost of the Australian index S & P / ASX 200 fell 1.4%, South Korea's Kospi index fell 0.3%, while the Nikkei lost 0.6% from the previous value.

Concerns about slowing economic growth in China, the declining value of the yuan and the excitement about the new Chinese regulatory measures - all these factors have roiled markets around the world at the beginning of the week.

But world markets have stabilized at night. The S & P 500 closed 0.2% higher, and the Stoxx Europe 600 Index rebounded from earlier losses and showed an increase of 0.6%.

The Central Bank of China fixed the value of the yuan near the new five-year low against the US dollar, which was 6.5314 compared to 6.5169 on Tuesday.

Onshore yuan, which can be traded at 2% above or below a fixed level, last traded at 6.5339 against the dollar value. This is slightly lower than the value 6.5157 Tuesday, but higher than Monday.

Offshore Yuan, which is traded freely, the value reached 6.6639 per dollar, the lowest level since 2011, compared with the value of 6.6430 on Tuesday.

On Wednesday, the Chinese index of China Vanke Co. decreased by 11.4%. The value of shares of Sharp Corporation decreased by 3.2%.


A source


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