The Shanghai Composite has closed up 0.2% and ended a run of nine consecutive sessions of losses, its longest losing streak since 1994. Shares rose despite another spike in short-term interest rates even though the People's Bank of China provided a further emergency injection of money on Friday, having refrained from providing liquidity earlier this month. Market watchers say that the increase in money market rates is also due to seasonal demand for cash from banks, which might help account for the small recovery in stocks today.
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