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CHINA MARKETS: Yuan Stronger; Rates Mixed; Stocks Down 

     BEIJING (MNI) - The yuan was stronger against the U.S. dollar on Tuesday
after the People's Bank of China set the fixing rate stronger for the day.
     The yuan was last at 6.5985 against the U.S. unit, compared with the
official closing price of 6.6285 on Monday.
     The PBOC set the yuan central parity rate at 6.6273, 0.33% stronger than
Monday's 6.6493.
     Money market rates were mixed Tuesday morning. The seven-day repo average
was last at 2.9911%, compared with Monday's average of 2.9706%. The overnight
repo average was at 2.6974%, compared with Monday's 2.7648%.
     The PBOC injected CNY40 billion in liquidity via open-market operations on
Tuesday to leave liquidity conditions unchanged, as the same amount of reverse
repos matured on the same day.
     The yield on benchmark 10-year China government bonds was last at 3.5802%,
compared with a previous close of 3.6011%.
     Stocks fell, with the non-ferrous metals and coal sectors leading losses.
The benchmark Shanghai Composite Index was last down 0.32% at 3,363.61. Hong
Kong's Hang Seng Index was 0.12% lower at 28,293.18.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@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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