Chinese stocks decline amid interest rate cut and possible Greek default

Source: Marketwatch
© Scanpix/AFP
Chinese equity markets declined on Monday, as the People's Bank of China cut interest rates and cash reserve requirements for certain banks in order to increase bank lending and to bolster economic growth. Moreover, worries over Greek default added to the losses, as the Shanghai Composite Index dropped 3.3% to 4,053 points and the Hong Kong's Hang Seng Index slid 3.2% to 25,804 points by 8:30 AM GMT.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.