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CHINA MARKETS: Yuan Weaker; Rates Mixed; Stocks Down 

     BEIJING (MNI) - The yuan was weaker against the U.S. dollar on Thursday
after the People's Bank of China set the fixing rate weaker for the day.
     The yuan was last at 6.6499 against the U.S. unit, compared with the
official closing price of 6.6350 on Wednesday.
     The PBOC set the yuan central parity rate at 6.6285, 0.14% weaker than
Wednesday's 6.6192.
     Money market rates were mixed Thursday morning. The seven-day repo average
was last at 2.9251%, compared with Wednesday's average of 3.1177%. The overnight
repo average was at 2.9217%, compared with Wednesday's 2.8970%.
     The PBOC injected CNY70 billion in liquidity via open-market operations on
Thursday, leaving the liquidity condition unchanged, as the same amount of
reverse repos matured on Thursday.
     The yield on benchmark 10-year China government bonds was last at 3.5854%,
compared with the previous close of 3.5767%.
     Stocks fell, with the coal and steel sectors leading losses. The benchmark
Shanghai Composite Index was last down 0.21% at 3,338.24. Hong Kong's Hang Seng
Index was 0.31% lower at 27,555.50.
--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$$$,M$Q$$$]
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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