China stocks falter on signs of liquidity stress, economic slowdown; HK up [Reuters (UK)]
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Source: Reuters
China stocks falter on signs of liquidity stress, economic slowdown; HK up | Reuters Reuters Staff 4 Min Read SHANGHAI, Dec 27 (Reuters) - China stocks weakened on Wednesday morning amid signs slowing economic growth and year-end liquidity tightness. Hong Kong shares rose slightly as the market reopened after the Christmas holiday. ** Earnings at China’s industrial firms grew at their slowest pace in seven months in November, official data showed. Separately, growth in wages and hiring slowed at industrial firms, according to a survey by the China Beige Book International (CBB). ** Meanwhile, benchmark rates in the banking systems keep climbing in signs of liquidity stress. The one-month Shanghai Interbank Offered Rate (Shibor) climbed to 4.93 percent on Wednesday, the highest level since April, 2015. ** At 04:24 GMT, the Shanghai Composite index was down 4.34 points or 0.13 percent at 3,301.79. ** China’s blue-chip CSI300 index was down 0.55 percent , with its financial sector sub-in
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