Chinese Stocks Sink as Currency to Economy Concern Spur Outflows

aaf0ad5ac9933cb4d00739c6e26860aa
Japan Stocks Rise, Following U.S. Equities Higher After GDP Data
19/08/2015
b263f78af787748c26164c034d2e6254
Saham AS Tertekan Terkait Data Manufaktur Seiring Penurunan Saham Energi
19/08/2015

Chinese Stocks Sink as Currency to Economy Concern Spur Outflows

10dae1ac23b64713d7d8b926429c37c6

PT. Equityworld Futures – Chinese stocks slumped, with a gauge of shares in Hong Kong falling to an eight-month low, as foreigners pulled funds amid concern about the weaker outlook for the yuan and economic growth.

The Hang Seng China Enterprises Index dropped 0.9 percent to 10,962.24 at the close. Net outflows from Chinese and Hong Kong equities reached $531 million in the week to Aug. 12, the ninth week of sales out of the past 10, China International Capital Corp. said. Ping An Insurance (Group) Co. led losses by insurers as the government seeks to contain the fallout from blasts in Tianjin port. Airlines jumped in mainland trading, spurring a late-day rebound for the Shanghai Composite Index, which added 0.7 percent.

The yuan sank the most in 21 years last week after the government allowed markets greater sway in setting the currency’s level. China’s industrial production, investment and retail data all trailed analysts’ estimates, according to data released this month. The securities regulator signaled on Friday China Securities Finance Corp. will reduce the scale of its intervention in the stock market. The fund has become one of the most influential investors since a $4 trillion rout.

Sumber : www.ewfpro.com

Comments are closed.