MOSCOW (Sputnik) — The Shanghai Composite was in the red by 2.42 percent as Wednesday's trading closed, falling to 2949.60 points, while the Shenzhen Composite fell by 3.46 percent to 1791.18 points, trading data showed.
On January 8, the PBC decided to boost the yuan for the first time in over a week. By Wednesday, the yuan was trading at 6.5630 per dollar, up from 6.5628 on Tuesday.
Markets remain focused on yuan fluctuations, as the Chinese currency has lost almost 6 percent of its value against the dollar since August 2015. On January 4, the PBC injected 130 billion yuan ($19.9 billion) into China's financial system in an ongoing attempt to buoy the currency.