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Investors brace for ugly start to post-holiday trade in China amid Wuhan virus spread

  • 📰 The Straits Times
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SHANGHAI (REUTERS) - Investors are bracing for a potential plunge in Chinese markets on Monday (Feb 3) when onshore trade in stocks, bonds, yuan and commodities resumes following the Lunar New Year break and a steep global selldown on fears about the spread of a new virus.. Read more at straitstimes.com.

SHANGHAI - Investors are bracing for a potential plunge in Chinese markets on Monday when onshore trade in stocks, bonds, yuan and commodities resumes following the Lunar New Year break and a steep global selldown on fears about the spread of a new virus.

Singapore-traded Chinese stock futures have traded throughout the break and have shed 7 per cent since Jan 23, pointing to a fall of a similar magnitude when markets open at 0130 GMT. China's yuan last traded at 6.9904 offshore, having weakened steadily last week to end Friday at 7.0028.

 

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