General

Chinese Shares Open Lower; Yuan Weakens

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)

5 Things Pedestrians Can Do to Avoid Accidents in Texas

Stay Ahead of the Betting Trends: Discover the Secure Platform with Quick Withdrawals - 1Win

Children Learn Language from Wholes to Parts, Challenging Traditional Views of Language Acquisition

New Transformer-Based AI Model Enhances Precision in Rice Leaf Disease Detection

Pakistan’s capital under official security lockdown due to opposition rally