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Most Asia Stocks Fall as China Weakens Yuan by Most in Two Years


Friday, 20 July 2018 10:52 WIB

MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik


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Most Asian equities fell as China weakened its daily reference rate for the yuan by the most in two years. Chinese shares declined for a sixth day while equities in Japan headed for the biggest loss in more than week.

The MSCI Asia Pacific Index was little changed at 164.74 as of 11:02 a.m. in Hong Kong as about three stocks fell for every two that advanced, with utilities leading gainers and material companies pacing losers. The Hang Seng China Enterprises Index of mainland companies listed in Hong Kong headed for six-day drop, its longest losing streak in three weeks, while Japan's Topix index retreated for a second day.

The yuan fell as much as 0.7 percent against the dollar in offshore trading after China set the daily reference rate to 6.7671.

Taiwan's Taiex index +0.9%, South Korea's Kospi index +0.1%, Kospi 200 +0.1%, Australia's S&P/ASX 200 Index +0.4%, New Zealand's S&P/NZX 50 little changed.

Straits Times Index +0.5%, Malaysia’s KLCI -0.4%, Philippine Stock Exchange Index -0.6%, Jakarta Composite -0.3%, Thailand's SET +0.7%, Vietnam’s VN Index -0.3%.

Source: Bloomberg


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