Wednesday, 12 August 2015

Today Asion Market Update -12-July-2015

Asian equities made further retreats early Wednesday, after the People's Bank of China (PBOC) set the midpoint rate for the yuan at 6.3306 per dollar, 75 points weaker than the previous day's 6.2298 level. 

Set prior to the market open, the guidance rate — which marked the weakest level for the currency since October 2012 — sent shockwaves through the region's markets.

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