A-shares shiver as yuan weakens
By Wu Yiyao in Shanghai | China Daily | Updated: 2016-07-25 07:46
But export-driven firms get glad tidings from a pick-up in overseas orders
Stocks as well as business operations of A-share companies across industries are feeling the impact of renminbi's weakness against the US dollar and other major currencies such as the euro.
The Chinese currency plummeted to a five-year low of 6.689 yuan against the US dollar in onshore exchange market on July 18, the lowest since October 2010.
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