The Traderszone Network

Published in TZ Latest News 16 August, 2015 by The TZ Newswire Staff

Asia dragged down by sagging China stocks, dollar holds gains

Asian equities were mostly lower on Monday, dragged down by faltering Chinese stocks, while the dollar held modest gains against the euro after upbeat U.S. economic data, with a further dollar rise seen as the yuan showed signs of stabilizing for now. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7 percent. The index added to last week’s loss of 2.6 percent suffered after Beijing devalued the yuan, buffeting global financial markets and fanning concerns about China’s economy.