China's shock move to devalue the yuan sank both China and emerging market ETFs Tuesday. Gold hit a three-week high as the desperate Chinese action rattled global investors. Worries about China's economy, the world's second largest, ramped up over the weekend on poor export data. The currency devaluation -- the latest in a series of steps to shore up growth -- is further undermining investor confidence in the Asian nation. Its effects rippled across
Tuesday 11 August 2015
Shock Yuan Move Sinks China, Global ETFs; Gold Climbs
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
China's shock move to devalue the yuan sank both China and emerging market ETFs Tuesday. Gold hit a three-week high as the desperate Chinese action rattled global investors. Worries about China's economy, the world's second largest, ramped up over the weekend on poor export data. The currency devaluation -- the latest in a series of steps to shore up growth -- is further undermining investor confidence in the Asian nation. Its effects rippled across
China's shock move to devalue the yuan sank both China and emerging market ETFs Tuesday. Gold hit a three-week high as the desperate Chinese action rattled global investors. Worries about China's economy, the world's second largest, ramped up over the weekend on poor export data. The currency devaluation -- the latest in a series of steps to shore up growth -- is further undermining investor confidence in the Asian nation. Its effects rippled across
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