Stock Market News

Fragile calm returns to stock markets as yuan steadies

Asian shares steadied slightly on Wednesday as investors caught their breath from a searing week-long selloff, with steps taken by Chinese authorities to contain a sliding yuan helping calm fears of a full-blown Sino-US trade and currency war.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.05% in early trade after tumbling 8.26% in the previous eight sessions. Japan’s Nikkei bucked the trend to slip 0.26%.

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