Asian Stocks fall as China devalues yuan currency for second straight day

Name: Asian Stocks fall as China devalues yuan currency for second straight day
Uploaded: 2015-08-12
Channel: Administrator
Description: Asian stocks fell on Wednesday after China's central bank devalued the country's yuan currency for the second day running. On Tuesday, in a surprise move the lender cut its daily reference rate by nearly 2 percent. On Wednesday, the bank moved again

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By Administrator On Aug 12, 2015

Asian stocks fell on Wednesday after China’s central bank devalued the country’s yuan currency for the second day running. On Tuesday, in a surprise move the lender cut its daily reference rate by nearly 2 percent. On Wednesday, the bank moved again – setting the guidance rate for the yuan 1.6 percent lower.

Asian Stocks Chinese economy markets yuan