Yuan Rally Offers Little Relief for China Stocks on Growth Woes
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The yuan’s recent strength is doing little to boost Chinese stocks as mounting concerns over economic weakness and rising valuations sap sentiment toward equities.An MSCI gauge of Chinese stocks entered into correction territory this week as the latest economic data pointed to a further deterioration in domestic demand. Meanwhile, the yuan advanced to the strongest level in 14 months.