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      Economy

      China reacts to Brexit

      1
      2016-06-28 10:47CCTV Editor: Feng Shuang

      The first trading day after the UK voted against staying in EU, there are some mixed results on the Chinese market.

      The RMB fell sharply against USD with the fixing rate down almost 1 percent. It reaches the lowest point since the end of 2010. And it's also the largest single day downward adjustment since last August.

      On the other hand, the stock market rallied and made small gains. Both benchmark Shanghai composite stock exchange index and the Shenzhen composite index dipped minutes after opening, but then climbed and gained more than 1 percent at the end of the day. Meanwhile the HK market stocks registered a slight drop of 0.16 percent.

       

        

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