Tag: yuan
China Blue-Chip Stocks Hit 5-Year Lows; Yuan Eases Following Moody’s Downgrade
Jennifer -
China's blue-chip stocks experienced a significant downturn, reaching nearly five-year lows on Wednesday, accompanied by a decline in the yuan currency. The market reaction...
Asian Shares Display Mixed Performance; Gold Surpasses $2,100 Record
Jennifer -
Asian markets exhibited a mixed trend on Monday, with gold reaching record highs above $2,100 at the onset of a week marked by crucial...
Asian Currencies Surge on Fed’s Potential Pivot; New Zealand Dollar Gains Ground on RBNZ’s Hawkish Outlook
Jennifer -
In a significant turn of events, the majority of Asian currencies experienced an upswing on Wednesday, fueled by less hawkish signals from Federal Reserve...
Asia FX Sees Gains as Dollar Hits 3-Month Low on Easing Fed Hike Fears
Jennifer -
In recent trading sessions, most Asian currencies have advanced, driven by the increasing belief that the Federal Reserve has concluded its interest rate hikes,...
U.S. Dollar Holds Steady Prior to Federal Reserve Decision; Sterling Weakens Amid CPI Decline
Jennifer -
The U.S. dollar remained stable in European trading on Wednesday, with investors eagerly awaiting the conclusion of the latest Federal Reserve policy meeting. Meanwhile,...
Alibaba Shares Decline Ahead of Quarterly Earnings Report Amid China Challenges
Jennifer -
Shares of Alibaba Group listed in Hong Kong (HK:9988) (NYSE:BABA) experienced a 1.7% decline as investors anticipated the upcoming quarterly earnings report, which is...
Asian Stocks Soar to Two-Month Highs Amid US Inflation Retreat and Surprising China Data
Jennifer -
Asian stocks surged to two-month highs on Wednesday, buoyed by expectations of Chinese stimulus measures and signs of a halt to rate hikes in...
Gellec Shifts Focus to Hong Kong IPO Amidst Changing Plans
Jennifer -
Hebei Gellec New Energy Science & Technology Co., a prominent Chinese battery manufacturer backed by electric vehicle giant BYD Co (SZ:002594), is contemplating an...
European Stocks Rise as U.K. Inflation Slows Before Fed Decision
Jennifer -
European stock markets showed upward momentum on Wednesday, buoyed by a slowdown in U.K. inflation, while market participants awaited the latest monetary policy pronouncements...
What is the chinese stock market index: A Complete Overview
Jennifer -
The Chinese stock market is one of the largest and most dynamic in the world, attracting investors from across the globe. Central to understanding...
PBOC Implements Modest Reduction in One-Year Loan Rate
Jennifer -
The People's Bank of China (PBOC) has announced a slight reduction in its one-year loan prime rate by 10 basis points, bringing it down...
Which country has highest forex reserves: Unveiling the Global Financial Powerhouse
Jennifer -
In the realm of international finance, foreign exchange reserves, commonly known as forex reserves, stand as a vital indicator of a country's economic strength...