China's 1.08% interest rate cut, the biggest in a decade, could boost the stock market (ETFs:...

|By:, SA News Editor

China's 1.08% interest rate cut, the biggest in a decade, could boost the stock market (ETFs: FXI, PGJ) by at least 5%, and add to long-term downward pressure on the yuan (ETF: CYB). The cut was twice as big as expected, and came early. Ongoing concern: poor Q4 earnings.