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CHINA MARKETS: Yuan Stronger; Rates Mixed; Stocks Down 

     BEIJING (MNI) - The yuan rose against the U.S. dollar Tuesday morning after
the People's Bank of China set a stronger daily fixing. 
     The yuan was last at 6.7072 against the U.S. unit, compared with the
official closing price of 6.7182 on Monday. 
     The PBOC set the yuan central parity rate against the U.S. dollar at 6.7184
on Tuesday, stronger than Monday's 6.7228.
     Money market rates were mixed Tuesday morning after the PBOC's CNY140
billion injection in liquidity via open-market operations balanced out the same
maturing amount. The seven-day repo average was last at 2.7488% Tuesday, lower
than Monday's average of 2.7838%. The overnight repo average was at 2.7662%,
higher than Monday's 2.7450%.
     The yield on benchmark 10-year China government bonds was last at 3.6534%,
down from the previous close of 3.6594%, according to Wind, a financial data
provider. 
     Stocks were down, led lower by the railway freight and securities brokerage
sectors. The benchmark Shanghai Composite Index was last down 0.19% at 3,273.22.
Hong Kong's Hang Seng Index was 0.03% higher at 27,698.51.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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