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USD/ CNH Below 7.25-lv to Log 3Mth Low; HSI Plunges 600Pts+ Missing 19,800-lv, as SZ/ SH Mkts Subdued
Recommend 9 Positive 12 Negative 12 |
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USD/ CNH once busted below the 7.25-mark today (12th), bottoming at 7.2503, being an intraday low not seen in more than three months. The latest exchange rate was 7.2469, diving 213 pts or 0.3%. USD/ CNY bottomed at 7.2367. The latest reported price was 7.2340, hitting an over-three-month low, down 190 pts or 0.26%. Two Mainland China's A-share markets cascaded in the afternoon, with the Shanghai Composite Index down 62 pts or 1.8% at 3,407, and the Shenzhen Component Index down 150 pts or 1.3% at 11,237. Hong Kong stocks posted deeper downswing after midday, missing the 20,000-mark. It once plunged 649 pts, bottoming at 19,777. The latest reported price was 19,788, down 638 pts or 3.1%, with a turnover of $177.367 billion. AAStocks Financial News |
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