The yuan fell past this year’s low to a level last seen in January 2017 as the central bank weakened the fixing after the Treasury Department stopped short of declaring China a currency manipulator.
New Zealand’s opposition party has voiced “serious concerns” about government reforms of the central bank, saying they could undermine its independence and turn it into a political tool.
The Bank of Korea left its key interest rate unchanged as an escalating U.S.-China trade war and meager job growth threaten to sap momentum in Asia’s fourth-largest economy.
Australia’s jobless rate fell in September to 5 percent -- a level estimated by policy makers to signal the beginning of labor shortages -- but the driving force was fewer people seeking work.
A Chinese company’s plan to ditch its construction-products business and focus on a famed 61,500-carat sapphire sent its shares soaring Wednesday.
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