Asian stocks still shaky, yuan remains down

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A mix of highs and lows among Asian currencies was on board Wednesday while the Chinese yuan remained down low.

Currencies on the depreciating side were Hong Kong’s Hang Seng Index with a 0.6% drop and Nikkei of Japan with a 0.4% loss.

Taiwan’s Taiex move up 0.3%, South Korea’s Kospi was also up by 0.1%, and Australia’s S&P/ASX 200 rose 0.2%. 

Playing neutral was the Shanghai Composite Index of China.

While some of the Asian stocks decreased in value and one moved steadily, the majority of the Asian markets rose after a breather from the currency tensions brought by the economic giants US and China.

The Chinese yuan remained weak however, as China tries to stabilize its value, but still below the normal 7.

On the other side of the world, US stocks rose as the Dow had a 1.2% increase, S&P 500 with a 1.3% increase. The increase is viewed as a good sign of easing the tension between the US and China.

 

 

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