China stocks fall as Beijing keeps key rate unchanged; Hong Kong falls [Reuters (UK)]
China Petroleum & Chemical Corporation (SNP)
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Source: Reuters
China stocks fall as Beijing keeps key rate unchanged; Hong Kong falls - Reuters 4 Min Read * SSEC -1.0%, CSI300 -0.9%, HSI -1.0% * U.S., Chinese trade deputy talks to start on Thurs - USTR * China keeps 1-year money market rate unchanged SHANGHAI, Sept 17 (Reuters) - China stocks fell on Tuesday as Beijing kept a key money rate unchanged even as recent readings pointed to further downward pressure on the world’s second-largest economy. ** The CSI300 index fell 0.9%, to 3,920.34, by the end of the morning session, while the Shanghai Composite Index lost 1.0%, to 2,999.84. ** The People’s Bank of China partially rolled over loans from its one-year liquidity facility but kept the lending rate unchanged, a sign it is willing to maintain adequate credit to support a slowing economy but wary of excessive stimulus. ** While analysts considered it a measured move, many still expect the central bank to step up stimulus this week by guiding benchmark rates for new loans lower on Friday as cent
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