Asia shares hit 17-month low, China lets yuan slip

FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration

SYDNEY (Reuters) – Asian shares hit 17-month lows on Tuesday as China allowed its currency to slip past a psychological bulwark amid recent losses in domestic share markets, a shift that pressured other emerging currencies. The Pakistani rupee plunged about 5 percent in an apparent devaluation by the central bank, market participants said. The IMF […]

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