Shares slip as yuan optimism fades
June 22 (AAP) The Australian sharemarket has opened lower, after Wall Street slipped in late trade as optimism over China's move towards a more flexible yuan faded.
"Given that a lot of China’s news was factored into our market yesterday, and BNP Paribas managed to spook Wall Street overnight, we could see some risk aversion returning to our market at the open," he said. "The lift in the US dollar overnight and a fall in the price of gold will also work against our market today."
"Mogi" Munkhdul Badral
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