Daily Report: Yen Jumps on China Growth Worry

by Action Insight (All Reports) on June 29, 2010

Yen soars today as Asian stocks are hammered down by talk that China's growth has past its peak. Stocks selloff was triggered by news that Conference Board revised China's April leading indicator sharply down from previous reading of 1.7% to 0.3%. Asian equity indices are all red with Shanghai Composite