CSI 300 blue-chip stock index also trades weakly, hitting its lowest point since September
China’s currency hit a 16-month low on Monday, despite efforts by the central bank and stock exchanges to soothe investor worries about impending US tariffs under a Donald Trump presidency.
The tightly controlled yuan reached 7.3301 per US dollar, its weakest level since September 2023. It has routinely hit multi-month lows since Trump won the US election, promising massive tariffs on Chinese imports.
Continue reading...
