Investing.com - China's yuan hits fresh 5-year low
The People's Bank of China set the yuan's official midpoint rate at its lowest level since
April 2011, adding to fears over the health of the world’s second-largest economy.
China service sector output slows
Activity in China's service sector, the largest contributor to gross domestic product,
expanded at its slowest pace in 17 months in December.
N. Korea hydrogen bomb test
North Korea confirmed on Wednesday that it carried out a successful nuclear test, adding to widespread risk aversion in markets.
Global stock markets fall
Global stock markets tumbled, with European shares tracking Asia into the red, while U.S.
futures pointed to heavy losses at the open on Wall Street.
Brent hits 11-year lows
Brent oil prices fell to the lowest level since July 2004 amid worries over the health of
the global economy and concerns that a global supply glut will persist.