Yuan falls sharply in offshore market; investors head for exits
HONG KONG, Sept 23 |
HONG KONG, Sept 23 (Reuters) - The Chinese yuan traded in the offshore market dropped sharply on Friday, extending Thursday's decline as investors cut long positions amid a global market selloff.
In early trades, the offshore yuan traded in Hong Kong was at 6.56 per dollar and at nearly a 0.2 yuan discount to the onshore rate -- its steepest since the Hong Kong market began trading last June.
(Reporting by Saikat Chatterjee; Editing by Ken Wills)
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