Latest: Asia Stock Market News
There was some minor respite following Monday’s currency turbulence, which saw a surging dollar and falling pound send a shockwave across trading floors
Over the past week, traders have seen the pound crash to an all-time low, intervention by Japan to prop up the yen for the first time in 24 years, and the euro plunge below dollar parity.
Chinese officials told fund managers and brokers recently to stabilise the market ahead of the Communist Party's five-yearly congress, which will be held in mid-October
Japanese authorities appear ready to respond to speculative currency moves – days after Tokyo spent an estimated $25 billion to defend the yen in the foreign exchange market.
Currency turmoil spooked traders across the region as the British pound dived and investors ran to the US dollar
IDFC First Bank says the rupee could hit 82.50 to the dollar by March as the dollar is likely to stay strong, while India's trade deficit is expected to widen
The PBOC said that on Wednesday it will raise the forex risk reserves for financial institutions when they buy forex through currency forwards to 20% from the current zero.
Carmaker is set to raise $800 million in its Hong Kong initial public offering, which will be the city's biggest IPO this year, although only half what it initially hoped to raise
Many analysts believe things are set to get worse as tighter monetary policy across the globe raises the risks of a worldwide recession
Over a dozen bond funds announced measures to restrict new purchases on Friday, and around 40 short-term funds made similar statements in the past 20 trading days
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