Markets

Chinese stocks are getting walloped

Chinese stocks have been hammered upon the resumption of trade following a week-long holiday. Large-cap stocks in Shanghai have shed close to 4% despite moves from Chinese policymakers to shore up economic growth. The onshore Chinese yuan has also fallen sharply, mirroring a similar move in the offshore traded yuan […]
Chinese stocks are getting walloped
Markets

China cut its reserve ratio again to pump cash into the faltering economy

After another horror day on the Chinese stock market yesterday China’s central bank, the PBOC, has moved to again buttress the economic outlook by cutting the amount of money banks need to hold as reserves by 0.5%. This move, announced during the European trading session, takes the reserve ratio requirement, […]
China cut its reserve ratio again to pump cash into the faltering economy