Reported about 9 hours ago
The offshore yuan continued its decline, influenced by tariffs imposed by both the US and China amidst escalating trade tensions. While the yuan dropped by 0.3%, currencies linked to China's economic performance, such as the Australian and New Zealand dollars, fell approximately 0.7%. In response to new tariffs and investigations into companies like Google, investor confidence in risk-sensitive assets in the Asia-Pacific region has waned. Analysts suggest that further selloff may occur if no resolution is reached soon.
Source: YAHOO