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    AIU provisionally suspends Twinkle Chaudhary for use of prohibited substance

    AIU provisionally suspends Twinkle Chaudhary for use of prohibited substance

    Bazball Brilliance: England Chase 371 to Stun India in Anderson-Tendulkar Trophy

    Bazball Brilliance: England Chase 371 to Stun India in Anderson-Tendulkar Trophy

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    Cricket World Mourns: Former India Spinner Dilip Doshi Passes Away at 77

    Headingley Test: England Face 350-Run Chase as Rahul, Pant Centuries Set Up Thrilling Test Finish

    Headingley Test: England Face 350-Run Chase as Rahul, Pant Centuries Set Up Thrilling Test Finish

    Rishabh Pant Rewrites Records with Twin Tons at Headingley

    Ind vs Eng 1st Test: Rishabh Pant Rewrites Records with Twin Tons at Headingley

    Rahul takes India’s lead to 96 runs after Bumrah’s fifer keeps England to 465

    Ind vs Eng 1st Test: Rahul takes India’s lead to 96 runs after Bumrah’s fifer keeps England to 465

    Ind vs Eng Test 1: Josh Tongue Stars as India Crumble from 430/3 to 471 All Out

    Ind vs Eng Test 1: Josh Tongue Stars as India Crumble from 430/3 to 471 All Out

    Stokes’ Decision Right, Execution Wrong

    IND vs Eng 1st test: Stokes’ Decision Right, Execution Wrong, Says Broad After India’s Batting Blitz

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    Anderson-Tendulkar Trophy: Gill, Jaiswal Lead India’s Charge with Centuries at Headingley on Day 1

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Home Share Market

Asian stocks plunge on China woes

Lakshmi Puri by Lakshmi Puri
January 7, 2016
in Share Market
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ProMASS News Bureau: Jan 7, 2016:

Asian stocks touched a three-month low early on Thursday as worries about the Chinese economy, reflected recently in a sharply lower Yuan, kept investors nervous.

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Financial markets fear the Yuan’s rapid depreciation may mean China’s economy is even weaker than had been imagined, and could therefore spark another wave of competitive devaluations around Asia and in other key economies. Another cause shaking investor sentiment is the People’s Bank of China has set a weaker Yuan guidance rate for seven consecutive days, pushing offshore Yuan to its lowest level since trading started in 2010. Focus was on whether the People’s bank of china would set yet another lower midpoint for the Yuan later in the session.

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The biggest fall is witnessed in Shanghai Composite which is down by almost 246 points that is almost by 7.32%.  Hang Seng also witnessed a huge fall. It was down by almost 548 points. On the other side Strait Times is also down 1.65%, while Japanese Nikkei also took the brunt of Chinese situation. Nikkei is down by almost 371 points. SGX NIFTY too is showing a downward trend which means Indian markets on Thursday are set to open on a negative trend following these distressed cues.

 

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