This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-33899735

The article has changed 4 times. There is an RSS feed of changes available.

Version 1 Version 2
Asian stocks up despite lower yuan Asian stocks rise despite lower yuan
(about 5 hours later)
Asian shares were up despite China sending the value of its currency, the yuan lower for the third consecutive day. Asian stock markets were trading mostly higher, despite the value of China's yuan falling for a third consecutive day.
Thursday's yuan guidance rate was set 1% down, a smaller margin than the shock cuts earlier in the week. Thursday's yuan guidance rate was set 1% lower, a smaller margin than the shock cuts earlier in the week.
The midpoint is a guiding rate set by the government, from which trade can rise or fall 2% during the day.The midpoint is a guiding rate set by the government, from which trade can rise or fall 2% during the day.
The Shanghai Composite rose by 0.8% to 3,916.68 points in early trading on hopes the lower yuan will help exports. The Shanghai Composite index fell by 0.6% to 3,862.06 despite hopes the lower yuan might help exports.
In Hong Kong, the Hang Seng was up by 0.6% to 24,048.49 points. In Hong Kong, the Hang Seng rose 0.3% to 23,986.76.
The region's largest stock market, the Nikkei 225 index, rose by 0.4% to 20,471.13 after hefty losses the previous day. In Japan, the Nikkei 225 index, closed the day 1% higher at 20,595.55 rebounding from hefty losses the previous day.
That's despite core machinery orders falling 7.9% in June, down for the first time in four months, as official data showed just before markets opened. That was despite the release of official figures showing Japan's core machinery orders fell 7.9% in June, the first decline for four months.
In South Korea, the Kospi index was unchanged at 1,973.98 points. In South Korea, the Kospi index finished the day 0.4% higher at 1,983.46. The country's central bank kept interest rates unchanged at 1.5%, as expected.
Data released in the morning had the country's July exports slightly revised down to a 3.4% drop. In Australia, the benchmark S&P/ASX 200 closed almost flat at 5,387.90.
But traders were also looking at South Korea's central bank which after a morning meeting announced it would leave the interest rate unchanged at 1.5%. Shares in mining giant BHP Billiton rebounded slightly, rising 1.2%, while a rise in gold prices sent other mining companies higher.
In Australia, investors were more upbeat, bringing the benchmark S&P/ASX 200 up by 0.5% to 5,407.00 points.
Market bellwether, mining giant BHP Billiton, saw shares up by almost 3% while a rise in gold prices also sent other mining companies higher.