General

Chinese Shares Open Lower; Yuan Weakens

Author : NewsGram Desk

The Shenzhen Component Index opened 0.21 per cent lower at 7,134.15 points, Xinhua news agency reported.

Meanwhile, the central parity rate of the Chinese currency renminbi, or the yuan, weakened 149.00 basis points to 6.8631 against the US dollar, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (IANS)

Subscribe to our channels on YouTube and WhatsApp 

Bangladesh Violence LIVE: 7 Arrested in Mymensingh Mob Killing of Hindu Youth

CDSCO Labs Flag 205 Drug Samples as ‘Not of Standard Quality’ in November

Six Thalassemic Children Contract HIV in Satna Hospital, Senior Doctor Suspended

Bihar Hijab Row: Dr Nusrat Parveen to Resume Duties on December 20

Parliament Winter Session 2025: Live Updates Day 15 – Winter Session Concludes