Devaluation of yuan and Beijing’s moves to halt shares sell-off fails to prevent biggest one-day fall in three weeks for Shanghai Composite Index
China’s Shanghai Composite Index plunged more than 6% in its biggest drop in three weeks, amid fears that the recent change in exchange rate policy may accelerate flows of capital out of China.
The Shanghai Composite Index fell 6.2% to 3,748.16, its largest fall since an 8.5% dive on 27 July that was the biggest slide in eight years. .
Continue reading…
Source: The Guardian Circular Economy RSS