Dec 16, 2016
Prime News: Asian Markets Higher as Yuan Midpoint Hits Low Level
Prime News: Asian Markets Higher as Yuan Midpoint Hits Low Level
Asian shares traded higher as currency fluctuations were on focus with the yuan midpoint fixed at its lowest level versus the dollar since May 2008. The People’s Bank of China set the daily yuan midpoint fixed at 6.9508 against the dollar. Japan’s Nikkei 225 climbed 0.66 percent at 19,401.15 buoyed by the weaker yen. Shares of Nintendo sank 4.24 percent to 26,405 yen a share. Australia’s ASX 200…
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