Asia Pacific shares suffer more losses amid China policy confusion

Discussion in 'Market News' started by Lily, Jan 11, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    The Australian share market hit a two-year low on Monday as China’s central bank failed to reassure traders about whether it wants a weaker currency or not

    Asia Pacific shares have suffered another torrid session after confusion about the direction of the Chinese currency caused wild gyrations on the regions stock markets.

    China guided the yuan currency sharply stronger for a second straight session on Monday in a move that might calm concerns about a competitive devaluation, but only added to market confusion as to Beijing’s ultimate policy intent.

    Related: Australia bet the house on never-ending Chinese growth. It might not end well

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