Yuan hits near six-month highs as Chinese assets amid strong economic data

Chinese shares close higher Thursday

Chinese stocks closed higher on Thursday, with the benchmark Shanghai Composite Index up 0.7 percent to 3,363.45 points. The Shenzhen Component Index closed 1.24 percent higher at 10,127.2 points. The combined turnover of these two indices stood at 1.19 trillion yuan (about 165.5 billion U.S. dollars), up from 1.01 trillion yuan on the previous trading day. Shares related to plastic products, printing and packaging, and electronic information le…

Yuan hits near six-month highs as Chinese assets amid strong economic data

The Chinese yuan has continued to strengthen against the U.S. dollar, with the exchange rate of both the onshore and offshore yuan surpassing the 7.17 level on Tuesday morning, the highest levels in nearly six months.