China’s benchmark stock index fell after the offshore yuan weakened for a sixth day.
The Shanghai Composite
Index slid 0.9 percent to 3,404.36 at 9:31 a.m. local time. Fosun
International Ltd. tumbled 9.9 percent in Hong Kong after shares resumed
trading. Fosun was suspended on Friday amid a Caixin report that
billionaire Guo Guangchang, the chairman of Fosun Group, was missing.
The yuan traded in Hong Kong slid 0.29 percent to 6.5511 a dollar,
extending a six-day drop to 1.6 percent, according to data compiled by
Bloomberg.
Source : Bloomberg
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