ASIAN CURRENCIES WEAKENS AS THE VIRUS WORRIES ESCALATED

Highlights:

• Chinese Yuan slumped by 1.2%.
• Chinese equities suffered a loss of more than $420 billion.
• Indonesian Rupiah fell by 0.6%.

Chinese Market reopened with a slump in its currency after the extended Lunar New Year break. It cast a shadow on the other Asian currencies as the deadly coronavirus outbreak. The trade-in China resumed after January 23rd. The yuan has s....