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Asian stocks rise after China rate cut as Beijing leaders thrash out reforms

Discussion in 'Market News' started by Lily, Oct 26, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    China’s main share indexes were up on Monday as the region’s investors gave their first reaction to the People’s Bank’s latest round of monetary easing

    Asia’s major financial markets reacted with caution to China’s latest interest rate cuts amid wariness about economic fundamentals.

    The People’s Bank of China said late on Friday said it was lowering the one-year benchmark bank lending rate by 25 basis points to 4.35% from Saturday.

    Related: Why China's interest rate cut may be bad news for the world economy

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