Asian stocks recover from yuan shock

Asian shares were mixed in early trading on Thursday after hefty losses the previous day in the wake of China’s yuan falling to a record low.

The region’s largest stock market, Nikkei 225 index rose by 0.4% to 20,463.14 points.

That’s despite core machinery orders falling 7.9% in June, down for the first time in four months, as official data showed just before markets opened.

Data released in the morning had the country’s July exports slightly revised down to a 3.4% drop.

But traders are also looking at a central bank meeting, expected to announce an interest rate decision later in the morning.

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