World Market News of the 30 August with FXOpen #kospi #msci #chinabanks #oilprice

☑️ Asia Shares Set for Solid Monthly Gain, Dollar Slumps MSCI’s broadest index of Asia-Pacific shares outside Japan was last up %, and was set for a gain of 2.3% for the month. Taiwan’s benchmark index and South Korea’s KOSPI, both tech-heavy indexes, recovered from Thursday’s losses to trade % and 0.7% higher, respectively. The greenback last stood at against the yen and was set to lose more than 3% for the month, as pressure eases on the Japanese currency on the prospect of narrowing interest rate differentials. Source: Reuters ☑️ China State Banks Buying Dollars Amid Rapid Yuan Gains, Sources Say Major state-owned banks were buying dollars in China’s onshore foreign exchange market on Friday to slow down a rising yuan, four people with knowledge of the matter said. The banks’ actions follow the yuan’s rise to an eight-month high of per dollar, breaking 7.1 resistance and erasing year-to-date losse