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Chinese shares open higher; yuan weakens

Chinese shares open higher; yuan weakens

Beijing : Chinese stocks opened higher on Monday, with the benchmark Shanghai Composite Index up 0.65 per cent to open at 2,699.82 points. The Shenzhen Component Index opened 0.77 per cent higher at 8,187.89 points, Xinhua news agency reported. Meanwhile, ...

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China’s yuan trades lower against US dollar

China’s yuan trades lower against US dollar

Beijing : The central parity rate of the Chinese currency renminbi, or the yuan, weakened 414 basis points to 6.7495 against the US dollar on Monday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, ...

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