(VOVworld) – China decreased its Yuan currency by 1.6 per cent on its rate against the US dollar on Wednesday, following Tuesday’s decrease of 1.9 per cent.

China continues to de-evaluate Yuan exchange rate with US Dollar

According to the newest exchange rate at the People’s Bank of China, 1 US dollar equals 6.3306 Yuan. In response to the adjustment, Asia’s major stock markets in Hong Kong, Shanghai, and Tokyo lost 1 per cent of their value.