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China's Latest Banking Move Shows How Nervous It Is About Its Economy
8 days ago - By Fortune
China's mainland markets tumbled on their first trading day following the central bank's decision to cut the amount of cash that the country's lenders keep in reserve.
Normally China's markets see a boost after the Golden Week holiday, but the Shenzhen and Shanghai composites fell 3.8% and 3.7%, respectively. And markets around the Pacific felt shockwaves: Hong Kong's Hang Seng Index and the Australia S&P/ASX 200 Benchmark Index each dropped by about 1.4%.
The People's Bank of China said yesterday it would cut the reserve requirement ratio for most banks by 100 basis points from Oct. 15...
Read more ...Chinese stocks fall almost 5% in market bloodbath as investors digest a week of bad news in a single day
8 days ago - By Business Insider
Chinese stocks plunge, with China A50 index losing more than 4.8% in trading on Monday.
The falls follow a week's holiday for Chinese markets, meaning investors had an entire five days of news and data to digest in just one session, including an escalation of the trade war between the country and the USA.
It also followed news over the weekend that People's Bank of China will cut the required reserve ratio for Chinese banks by 1%.
You can follow global market movements with Markets Insider.
Chinese stocks took a hammering on Monday as traders returned to work after a week away from action...
Read more ...European shares slide on 'powerful cocktail' of China slump, Treasuries and Italy
8 days ago - By Reuters
European markets fell heavily on Monday as investor confidence took a knock from last week's spike in Treasury yields and from a Chinese market slump brought on by concerns that an escalating trade war with the United States could dent China's growth.
Read more ...European markets set to open lower as Asian shares fall
8 days ago - By CNBC
European markets are expected to open lower Monday morning, following broad declines in Asia after China's central bank cut reserve requirements for banks.
Read more ...China says it's not afraid of trade war with the US - its actions show Beijing is nervous
8 days ago - By CNBC
The latest move by China's central bank to cut the amount of reserves held by banks is an indication that authorities in the world's second-largest economy are getting nervous about a long-drawn trade war with the U.S., experts said.
Read more ...China shares weigh on regional markets despite central bank support
8 days ago - By Reuters
Shares in Asia slumped Monday as China's markets stumbled in their first trading day after a one-week holiday even though Beijing's central bank increased liquidity to offset the impact of an escalating trade dispute with the United States.
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