As the trading week begins in Asia, Chinese stocks are coming off several days of retrenchment while U.S. equities keep churning higher. JPMorgan Chase and ...
As the trading week begins in Asia, Chinese stocks are coming off several days of retrenchment while U.S. equities keep churning higher.
China's yuan firmed to 7.0669 per dollar by late Friday as markets looked ahead to the release of the update to previously announced measures that had not solidified confidence that they would stimulate its economy. The fresh stimulus details come after Chinese stocks slumped on Friday, with the blue-chip CSI300 index closing down 2.8%. For the week, the CSI300 fell by 3.3%.The trajectory of interest rate moves by central banks continues to be in focus globally. South Korea's central bank cut rates for the first time since mid-2020 on Friday and flagged room to reduce further.In the U.S.
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