Seeking Alpha

Asian stocks lower after Peoples Bank of China rumbles

Asian stocks moved lower after a strong opening after the Peoples Bank of China withdrew 172B yuan ($28B) through repurchase agreements.

Shares of banks and brokerage firms in China stumbled off the news.

The Shanghai Composite Index closed down 1.4%, while the Hang Seng fell 1.6%. The Nikkei showed a 0.6% gain as a strong report on retail sales in the U.S. earlier in the day spilled over.

Comments (1)
  • kilimanjaro81
    , contributor
    Comment (1) | Send Message
    why are your financial news so obsolete?
    16 Apr 2014, 09:20 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs