Special Report: Global Financial Crisis

    SHANGHAI, March 3 (Xinhua) -- China's yuan weakened against the U.S. dollar for a sixth straight trading day Tuesday.

    The central parity rate of the yuan was 6.8392 per dollar Tuesday. The currency is allowed to float on the interbank market within a 0.5-percent band, which is set daily by the People's Bank of China, the central bank.

    The rate was 6.8389 yuan per dollar Monday.

    The dollar's rise reflected plunging stock markets that have sent investors into the foreign-exchange market, analysts say.

    Wall Street plummeted to a multi-year low Monday with the Dow Jones industrial average dropping almost 300 points, or 4.24 percent, to below 6,800 amid global sell-off.

    Monday, the S&P 500 lost 34.27, or 4.66 percent, to 700.82, the lowest level since December 1996. The Nasdaq index declined 54.99, or 3.99 percent, to 1,322.85.

    On the market Tuesday, the yuan's central parity rate was 859.62 per 100 euros. It was also trading at 7.0348 per 100 yen.