Malaysia's Best News App

China's yuan left in limbo as Evergrande woes linger

Business & Finance

0 Min Read

SHANGHAI, Sept 24 (Reuters) - The yuan was a tad weaker on Friday, and while the Chinese currency has has barely reacted to fears that property giant China Evergrande Group could default, traders were watching anxiously after an interest payment deadline expired. "Fear of large negative spillover effects from the property sector into financials and the real economy has triggered a sell-off in global markets and put pressure on risk assets, including Asian currencies," said Khoon Goh, head of Asia research at ANZ. "We believe the authorities will want to ensure that volatility in the exchange rate is minimised

reaction1 reaction1

How to Install Newswav
1. Scan the QR code below
1. Tap this button
2. Tap Get / Install in App Store / Google Play
guide 1
3. Go to homescreen & tap on Newswav app
guide 1