China stocks flat on domestic concerns as other Asian markets rise

China’s main stock indexes were flat on Monday, bucking the upward trend in Asian markets, as sentiment was subdued amid concerns of yuan depreciation and a fresh regulatory crackdown on speculative trading. On Monday, other Asian markets had solid gains on hopes Britain will decide to remain in the European Union. Responding to yuan depreciation fears, the Financial News, a paper owned by China’s central bank, said in a commentary on Monday that although there is no concrete basis for depreciating the yuan over the long term, more two-way volatility is unavoidable while reforms proceed.

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