China accelerated the devaluation of the yuan on Thursday, sending currencies across the region reeling and domestic stock markets tumbling, as investors feared the Asian giant was kicking off a virtual trade war against its competitors.
Chinese stock markets tumbled 7 percent in their opening session of 2016 on Monday as weak factory activity surveys and falls in the yuan added to concerns about the struggling economy, forcing exchanges to suspend trade for the first time.
Global stocks are set for a short-term sell-off on Monday after Islamist militants launched coordinated attacks across Paris that killed 129 people, but analysts said a prolonged economic impact or market reaction was unlikely.
United Arab Emirates stock markets edged down in thin trade on Sunday as they reopened after a break for Eid Al-Adha, with no major corporate news to move shares and the global market environment slightly negative.
The Dubai stock
Stock markets in Saudi Arabia and Egypt rose in early trade on Thursday, tracking global bourses as oil prices, which had moved Middle Eastern equities earlier in the week, were relatively stable.
The main Saudi equity index gaine
Oil prices fell around 2 per cent in early Asian trade on Wednesday, as a stronger than expected build in US crude oil stocks and weaker US manufacturing data fuelled a rout in prices that started in the previous session.
World shares sagged on Wednesday as investors feared fresh rate cuts in China may not be enough to stabilise its slowing economy or halt a stocks collapse that is wreaking havoc in global markets.
Europe's main stock markets,
Asian stocks fell on Wednesday as investors feared fresh rate cuts in China would not be enough stabilise its cooling economy or halt a collapse in its stock markets.
China's key share indexes attempted to move higher several
Saudi Arabia's stock market surged 7.4 per cent on Tuesday as the region rebounded from several days of heavy selling, encouraged by stronger oil prices and rising global bourses.
The main Saudi stock index&
European stocks slumped on Monday after a rout in Chinese markets, wiping hundreds of billions of euros off leading shares and sending one benchmark index to a seven-month low.
The pan-European FTSEurofirst 300 fell 3.2 per cent t