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Asian Market Update: Firmer Yuan Fix And Plunge Protection Response Rescue China Stocks, ...

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jan 8, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Concerns over aggressive currency devaluation by the PBoC, which infected markets throughout the globe over the past 24 hours, have been eased at least temporarily. Policymakers in Beijing have taken note of investor response to their moves on both FX and stocks, as they scrapped the controversial 7% circuit breaker[​IMG]

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