China blue chips hit 13-month low as trade fears falling yuan spook investors

  • Markets
  • Wednesday, 27 Jun 2018

SHANGHAI: China stocks extended a bruising sell-off on Wednesday, with blue chips slumping to their worst loss in over a year on growing concerns about the economic outlook amid a bitter trade dispute with the United States and a faltering yuan.

Investors worried a depreciating yuan could trigger capital outflows in a blow to asset prices and push up costs for domestic airlines with dollar-denominated debts.

Markets , Economy