Investors react to China's rate cuts with mixed outcomes in markets, Shanghai down, Shenzhen up.

From Google: 2024-09-24 03:16:29

Investors react to China’s broad rate cuts, leading to mixed outcomes in markets. Central bank cut the 7-day reverse repo rate by 10 basis points to 2.05% and lowered the 1-year medium-term lending facility rate to 2.95%. Markets responded with the Shanghai Composite down 0.28%, while the Shenzhen Component rose 0.267%.



Read more at Google: China’s broad rate cuts: How investors are reacting – ina.iq