Not a positive day for Chinese stock markets after a week-long holiday closure
The PBOC announced a freeing up of some liquidity, a cut in the RRR for some banks. That does not come into effect until octo October 15 though … and markets are selling off now.
Weekend China news:
- FT reports on US moves to further isolate China
- Weekend RRR cut from the PBOC, link and more here
- China's finance minister says will adopt a more proactive fiscal policy
CSI300 is down 3%
Shanghai Composite down 2.5%
