The speed of the yuan’s decline took some by surprise. “To breach 7, people were thinking OK, maybe one week or two weeks’ or three weeks’ time. Not Monday morning.”
Stock indexes in Japan and Korea declined more than 2% Monday morning in Asia, while the Chinese yuan weakened beyond the psychologically important 7-per-dollar level, falling as much as 1.9% to 7.1087 per dollar in Hong Kong in early trading.
S&P 500 futures dropped 1.1%.Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Traders are betting big on a sudden drop in stocks and it's starting to pay offTraders have been loading up on call options in the Cboe Volatility Index, AKA the VIX or 'fear gauge,' wagering on big price swings in the market.
Weiterlesen »
Offshore yuan falls to record low, yen firm on intensifying trade frictionsThe offshore Chinese yuan fell to its weakest level on record on Monday while th...
Weiterlesen »
China's yuan slumps beyond 7 per dollar as trade war escalation raises economic fearsChina's yuan skidded against the U.S. dollar on Monday, weakening beyond th...
Weiterlesen »
China’s Yuan Falls Past Key Level of 7 to the Dollar to Record LowChina’s currency broke through the psychologically important threshold days after President Trump threatened to broaden U.S. tariffs to cover essentially all Chinese imports.
Weiterlesen »
China's yuan falls to lowest level in more than a decadeThe Chinese yuan slid below 7 to the US dollar on Monday. It's a critical threshold for the currency that hasn't been breached in more than a decade, and the latest sign of how far the US-China trade war has escalated.
Weiterlesen »
It's not just the trade war – these global fears could put stocks through the wringerThe U.S.-China trade war is spooking Wall Street, but Phil Orlando of Federated Investors says that's not the only hurdle ahead.
Weiterlesen »