HONG KONG — Mainland Chinese stocks slipped slightly on Wednesday, and European and many other Asian markets edged higher, as investors reacted to moves by China’s central bank late Tuesday to assuage concerns about a lingering credit squeeze in the country’s financial system.
The Shanghai composite index ended down 0.4 percent after a day that was calm compared with the previous two days. On Monday, the index had plunged 5.3 percent, and on Tuesday, it had gyrated wildly. Interbank lending rates, which determine how costly it is for banks to borrow money from one another, also continued to relax on Wednesday, falling slightly – though remaining well above where they have been over the past year.
Read Full Article HERE
Bettina Wassener, The New York Times via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/Dtj_2igvkjI/
No comments:
Post a Comment