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Markets and Finance
China’s Yuan drops as markets reopen after break; stocks mixed

China’s currency slipped and equities were little changed as the nation’s markets resumed trading after the week-long Lunar New Year holiday. The yuan dropped 0.5 percent as it traded for the first time in at least a week and the People’s Bank of China set the daily fixing at 6.7495 per dollar. The CSI 300 Index rose less than 0.1 percent. The CSI 300 was up 7.9 percent this year through Feb. 1 as investors took comfort from Beijing’s measures to support the economy and risk assets gaining favor around the world. A January rally had briefly taken the yuan past the 6.7 per dollar level for the first time since July.

News Source:- https://www.financialexpress.com/market/chinas-yuan-drops-as-markets-reopen-after-break-stocks-mixed/1483706/