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MNI CHINA MARKETS: Yuan Strengthens; Rates Fall; Stocks Rise 

     BEIJING (MNI) - The yuan rose against the U.S. dollar on Tuesday morning
after the People's Bank of China set a stronger fixing for the day.
     The yuan was last at 6.6151 against the U.S. unit, stronger than the
official closing price of 6.6170 on Monday.
     The People's Bank of China set the yuan central parity rate against the
U.S. dollar at 6.6098 on Tuesday, stronger than Monday's 6.6162.
     Money market rates were down after the PBOC injected a net CNY20 billion
into the banking system via open-market operations. The seven-day repo average
was last at 2.7863%, lower than Monday's average of 2.9157%. The overnight repo
average was at 2.7107%, also lower than Tuesday's 2.7123%.
     The yield on benchmark 10-year China government bonds was last at 3.8937%,
down from the previous close of 3.9100%, according to Wind, a financial data
provider. 
     Mainland stocks rose, led up by the fintech sector in the morning session,
with the benchmark Shanghai Composite Index 0.63% higher at 3,288.55. Hong
Kong's Hang Seng Index was 0.84% higher at 29,299.47
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@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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