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Markets Show China Needs a Stimulus 'Bazooka' to Woo Investors

(Bloomberg) -- Chinese stocks surged at the open Monday after authorities took a raft of steps to bring investors back to one of the world’s worst-performing equity markets. But most of the gains were gone by the end of the session, with foreign funds extending what’s set to be a record outflow this month.Most Read from BloombergAuto Union Boss Wants 46% Raise, 32-Hour Work Week in ‘War’ Against Detroit CarmakersChina’s Worsening Economic Slowdown Is Rippling A...
Ting Lu Hong Kong Abhishek Vishnoi Hao Hong Bloomberg Businessweek Marvin Chen
Source: yahoo.com

Offshore Yuan Seen Tumbling to New Low Against Dollar in China Selloff

(Bloomberg) -- Global investors have little confidence that China will succeed in shoring up its financial markets, predicting that mounting economic stress will drive the yuan’s offshore exchange rate to historic lows.Most Read from BloombergMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate PollsChina Stocks May Open Higher on Measures to Boost MarketChina’s Worsening Economic Slowdown Is Rippling Across the Glob...
Hong Kong Jay Bryson Bloomberg Businessweek Kiyong Seong David Loevinger Janet Yellen
Source: yahoo.com

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