The MSCI Asia Pacific Index fell 0.1 per cent to 126.87 as of 9:15 am in Tokyo. Turmoil has wiped more than US$2 trillion from the value of global shares in 2016, the worst start to a year since 2000. All eyes will be on the daily fix of the yuan's daily reference rate after the People's Bank of China signaled it's becoming more tolerant of a depreciating currency as the economy slows.
"The Chinese yuan is smack bang at the heart of concerns," said Chris Weston, chief markets strategist at IG Ltd. in Melbourne.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment