26 Aug 2015
Shanghai Composite set to open higher, PBOC cut helps sentiment
FXStreet (Bali) - Early indications show the Shanghai Composite set to open up 0.5%, while the CSI300 is set to open up 0.7%.
As a reminder the PBOC cut rates and RRR, in a move that should underpin risk sentiment in China, if only temporarily. The policy decision had been expected over the weekend, and failure to do so, was attributed as one of the contributing factors on the sharp losses suffered by Chinese stocks in the first two trading days this week.
As a reminder the PBOC cut rates and RRR, in a move that should underpin risk sentiment in China, if only temporarily. The policy decision had been expected over the weekend, and failure to do so, was attributed as one of the contributing factors on the sharp losses suffered by Chinese stocks in the first two trading days this week.