Marketmind: China bears are back

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A look at the day ahead in Asian markets from Jamie McGeever.After a brief respite, China is again caught in investors' crosshairs. The economic data are coming in below expectations, hopes are fading that COVID-19 lockdown restrictions are about to be lifted and the exchange rate is back on the s

After a brief respite, China is again caught in investors' crosshairs.

The yuan fell 0.9 per cent on Thursday, its biggest fall since May and one of largest in recent years. Having rebounded from a recent 15-year low toward 7.00 per dollar, it is back under pressure. But it sold a chunk to slow the yuan's depreciation against the dollar, which ended up being 3.2 per cent in September. That's among the four biggest monthly declines on record.

 

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