Archive for January 8th, 2016

New Overnight Developments Abroad - Daily Update

Markets Tentatively Stabilize after Chinese Regulatory Change

January 8, 2016

After the elimination of automatic circuit breakers, which had limited daily declines in Chinese share prices to 7%, China’s stock market rebounded 2.0% on Friday, and the yuan nudged up 0.2% against the dollar. Elsewhere, stocks rose 0.9% in Hong Kong, 0.7% in South Korea, 0.8% in Singapore and 0.4% in Indonesia but fell 0.4% […] More