Word: renminbi
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2000
Sort By: most recent first
(reverse)
...sturdy recovery from its 1997 financial crisis. This year? Different story. In dollar terms, year to date, South Korea's stock market is down 48%, Taiwan's is down 36%, and Indonesia's is down 54%. Excluding fixed currencies such as the Hong Kong dollar and the Chinese renminbi, the majority of Asian currencies are having a difficult time maintaining their strengths. Looking for a bottom? Be patient. The region is marred by inflated oil prices and political unrest, so most analysts aren't expecting Asian stock markets to recover soon...