China Stock Hit by Forced Sellers and Yuan Hits Fresh Low

2018-10-18, Shanghai Composite Index closed at 2,486, its lowest finish since 2014, extended the world’s deepest slump to a nearly four year low, slumped about 30% from a January high.

Meanwhile, RMB touched its weakest level in almost 2 years to 6.9422 per dollar with volume surged to the highest since December 2016.

Reference

Bloomberg, 2018-10-18, “China Stock Market Rocked by Forced Sellers; Yuan Hits Fresh Low”