- Chinese shares closed up 0.6% in thin trading as short-term money market rates dropped for a second day in a row after previously rising sharply and hurting stocks.
- The seven-day repurchase rate fell 86 bps to 5.58% following an injection of capital from the People's Bank of China, which had refrained from such moves for much of December.
- Year-end tax refunds that businesses received from the government and deposited in bank accounts also helped to increase liquidity among banks.
- Hong Kong was closed for Christmas.
- ETFs: FXI, PGJ, GXC, FXP, HAO, CYB, YINN, CNY, TAO, CHIQ, CHIX, MCHI, YANG, PEK, ASHR, CQQQ, XPP, QQQC, DSUM, YAO, CHXX, CHII, KWEB, FXCH, CHXF, ECNS, CHIE, YXI, CHIM, KFYP, FCA, TCHI, CHLC, CHNA