News Update :: By Spider Signals

Now is the time to buy Chinese stocks, according to a fund manager who last month correctly predicted the sell-off in emerging markets had further to go.

Shares were up across Asia on Wednesday, including in China and Hong Kong, while the yuan held near the weakest level in a decade against the U.S. dollar.

Elsewhere:
– Australia’s dollar declined, and is expected to sink further
– Oil recovered from a 2-month low.

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