Key regional markets ended trading yesterday in the red in reaction to China devaluing the yuan at a faster pace than earlier anticipated, coupled with yet another fall in crude oil prices.
China’s CSI 300 Index fell 7.2% before trading was halted by circuit breakers in early trade, for the second time this week. The yuan fell 0.51% against the US dollar. At press time, US equity futures were all down, with a report noting that the Dow futures could see more than a 360-point drop while European markets were lower.
The Hang Seng was the worst performer, ending 3.09% down to 20,333.34 points, followed by Singapore’s Straits Time which fell 2.65% to end at 2,729.91.
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China’s CSI 300 Index fell 7.2% before trading was halted by circuit breakers in early trade, for the second time this week. The yuan fell 0.51% against the US dollar. At press time, US equity futures were all down, with a report noting that the Dow futures could see more than a 360-point drop while European markets were lower.
The Hang Seng was the worst performer, ending 3.09% down to 20,333.34 points, followed by Singapore’s Straits Time which fell 2.65% to end at 2,729.91.
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
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