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Bloomberg markets/ Chinese Stocks Slump as Markets Reopen After Break; Yuan Falls 본문
Bloomberg markets/ Chinese Stocks Slump as Markets Reopen After Break; Yuan Falls
초심독자 2018. 10. 8. 17:20Bloomberg markets/ Chinese Stocks Slump as Markets Reopen After Break; Yuan Falls
Bloomberg News
October 08
Last week was Chinese holiday for Chinese national day. After the holidays are over, Chinese market dropped as filing the gap after Hong Kong market struggled. There were negative news for China; poor manufacturing statistics released, US-Canada-Mexico got a trade deal which exclude China in North American market. Mainly as foreign investors sell Yuan, the value of Chinese Yuan together falls dramatically. Equity index shows that not only mainland China, also Hong Kong and Macau equities dropped altogether.
@ My brother changed his Yuan to Korean won today with the poooooorest exchange rate. I feel very sorry for him and I would like to do something for him as I am watching exchange rates. Hope Chinese Yuan recovers its value soon in the next quarter.
