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
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