PBOC tries to deal with concerns over money market stability

Note: This section contains information in English only.
Source: Bloomberg
The PBOC announced it would ensure the stability in the money market, the first public announcement of its determination to ease the crunch after it occurred last week. The reluctance to intervene resulted in CSI 300 Index entering bear market on June 24. The Shanghai Composite Index fell 0.2% at the end of the day after dropping 5.8%.
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Wed, 26 Jun 2013 08:08:17 GMT

Yen appreciated against counterparts as China shares slip for sixth day

The Japanese Yen advanced versus most of its major counterparts as demand for refuge assets was fueled by fall in Chinese stocks for six days in a row. The Japan's currency climbed 0.3% to 97.52 against the U.S. Dollar and jumped 0.3% to 127.49 versus the 17-nation currency, adding to signs the Yen has declined 7% this year.

Wed, 26 Jun 2013 07:15:09 GMT

Indian yields rise as rupee drops

Indian bond prices dropped, sending yields to the highest level in six weeks amid speculations that the weaker Rupee will limit central bank's ability to cut rates further, which now stand at 7.25%. The currency decreased 0.2% as investors bought the U.S. Dollar after data indicated positive outlook for the economy. The yield increased 0.23 percentage points so far this

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