Yuan devaluation shocks global markets


Yuan fell to as low as 6.4301 per dollar

HONG KONG: China's surprise devaluation caused shock waves in global currency markets, with investors fearing it could put sustained pressure on offshore yuan and debt sold overseas by Chinese firms.

The yuan in the offshore deliverable and non-deliverable market fell sharply while yuan-denominated, or "dim sum" bonds dropped across the board.

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Business , yuan , currency , China

   

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