currency fears: China's Shanghai Composite Index SHCOMP ended down 0.3%, marking a sixth consecutive day of declines, according to CNN. Japan's Nikkei lost 0.3%, extending its losing streak to a fourth straight day. Currency fears took a back seat despite China fixing the yuan at another new 11-year low within a whisker of the symbolically important 7 to the dollar level. South Korea's Kospi KOSPI dropped 0.4%, down for a sixth straight session. Read More A trio of central banks all cut interest rates Wednesday a sign of how countries in the region are trying to protect their economies from a global downturn. Hong Kong's Hang Seng Index HSI inched up 0.1% following five days of losses.
(news.financializer.com). As
reported in the news.
Tagged under currency fears, day topics.