China's banks face a credit crisis with potential losses 400 percent larger than U.S. banks' losses during the subprime crisis, Kyle Bass said.» Read More
Markets in Asia closed mixed Monday, on the back of another Wall Street sell-off Friday, with Australia and Japan near bear market territory.
China’s economic growth data are due Tuesday and markets are bracing for the slowest pace of expansion since 1990. This is what has analysts worried.
Major Asian stock markets ended down Friday, erasing early gains despite a positive finish from Wall Street overnight.
Most Asian stock markets closed lower after a sell-off on Wall Street overnight. China shares bucked the trend, posting a sharp rebound in late trade.
China's market turmoil put the spotlight on a quirk of the mainland's currency: the offshore yuan isn't always in tune with its onshore peer.
Asian markets closed mostly up, in a sign of returning stability despite lingering headwinds over China and lower commodity prices.
The dollar rose for a third straight session as gains on Wall Street and calmer financial markets enhanced risk appetite.
Asia's major markets closed mostly lower, with the exception of China, as investor sentiment in the region remained fragile.
China is buying up renminbi offshore, foiling the burgeoning carry trade and driving the cost of borrowing to a record high, the FT reports.
The low-yielding euro fell for a second session, as steadier global stock markets prompted investors to seek other currencies.
Chinese markets extended an already rough start to the year Monday, losing further ground and other Asian markets came along for the ride lower.
Moves in the yuan have already rocked global financial markets but what is the outlook for rest of the year?
The cost of borrowing offshore yuan in Hong Kong's interbank market surged Monday as the amount of spare renminbi in the banking system declined.
China's market turmoil hasn't just rocked financial markets this week; it's also shaken confidence in policymakers' ability to stem the volatility.
"They have a problem, and they don't like any of the options available to them," one investor said of China's currency conundrum.
China's stocks were suspended from trade on Thursday after the CSI 300 tumbled more than 7 percent in early trade, triggering the market's circuit breaker.
China's central bank guided the yuan lower on Thursday at the fastest pace since its shock devaluation in August.
China's markets may be tumbling, in part on disappointing Caixin manufacturing PMI, but DBS' CEO thinks the figures are "inconsequential."
Asian markets remained pressured Wednesday after North Korea's purported nuclear test. But markets in China bucked the trend to finish solidly higher.
A day after China's stocks plunged, policy makers flooded the markets with fresh liquidity, likely helping to soothe equity traders Tuesday.