Shangahi +0.7%, the biggest gain in a month as traders price in another cut in bank reserve...


Shangahi +0.7%, the biggest gain in a month as traders price in another cut in bank reserve requirements. The cost to lock in 90-day Shibor (no manipulation there, we hope) has fallen 28 bps this month to 3.16%, a 2-year low and 63 bps lower than the current benchmark rate. FXI +1.4% premarket.

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