China's yuan slips, looks set to snap five-week winning streak
SHANGHAI: China’s yuan eased against the dollar on Friday and looked set to snap a five-week winning streak after a softer official midpoint guidance, while a selloff in equities further weighed on market sentiment. Chinese stocks tumbled, mirroring a sharp overnight selloff on Wall Street after the tech-heavy Nasdaq posted its steepest one-day decline since the April 2025 “Liberation Day” rout.…
We haven't written up this one. Business Recorder has the full story — the link below goes straight to it.
