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Market News Headlines

SE Asia Stocks-Close higher as post-Brexit rebound continues

By Krishna V Kurup June 30 Most Southeast Asian markets closed higher on Thursday, tracking regional peers, as markets shrugged off the impact of Britain's stunning vote to leave the European Union. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.5 percent at 0900 GMT, pulling further away from a one-month low hit on Friday. The index has dropped about 0.8 percent in the April-June quarter. Singapore shares rose 1.7 percent, helped by consumer servic

EMERGING MARKETS-China's yuan sees biggest quarterly fall on record

LONDON, June 30 China's yuan hit a six-month low and chalked up its biggest quarterly fall against the dollar on record on Thursday as Beijing suggested it was happy for the weakness to continue. Chinese sources told Reuters the People's Bank of China (PBOC), China's central bank, was willing to let the yuan fall to 6.8 per dollar over the rest of the year, to support the world's No. 2 economy. The currency, trading at 6.6 per dollar by 0950 GMT, is down roughly 3 percent si

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