An investor checking his mobile phone in front of a stock quotation board at a brokerage office in Beijing, China. Investors are snapping up Chinese financial assets, putting aside concerns over tension in the Middle East and instead focusing on progress in trade talks with the US, as well as signs that the world’s second-largest economy may be stabilising. - Reuters
BEIJING: Investors are snapping up Chinese financial assets, putting aside concerns over tension in the Middle East and instead focusing on progress in trade talks with the US, as well as signs that the world’s second-largest economy may be stabilising.
Improving confidence helped stoke a 0.5% rally in the yuan on Tuesday (Jan 7), pushing it to its strongest level since early August. The currency punched past the key 6.95-per-dollar level, and traded on the strong side of its 200-day moving average for the first time since May.
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