China lets yuan fall faster, share trading suspended as prices tumble

January 7, 2016 5:14 AM

81 0

China lets yuan fall faster, share trading suspended as prices tumble

SHANGHAI China accelerated the depreciation of the yuan on Thursday, sending currencies across the region reeling and domestic stock markets tumbling, as investors feared the Asian giant was kicking off a trade war against its competitors.

Trading on China's stock markets was suspended for the rest of the day, for the second time this week, as a new circuit-breaking mechanism was tripped less than half an hour after the open.

Also read: Brazil's Agriculture minister says meat industry may lose 10 percent market share

Read more

To category page

Loading...