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MNI CHINA MARKETS: Yuan Weaker; Rates Higher; SH Shares Lower

     BEIJING (MNI) - The Chinese yuan fell to 6.3355 against the U.S. dollar on
Friday from yesterday's 6.3300 closing, following today's weaker fixing of
6.3393 versus yesterday's 6.3283.
     Interbank market rates rose after the People's Bank of China kept liquidity
unchanged by open market operation.
- 7-day repo average rose to 3.0702% from 2.9530% yesterday;
- Overnight repo average was at 2.9068%, up from 2.7934% yesterday. 
     Yield on 10-year China Government Bond last traded 3.6300%, the same as
close yesterday: Wind Information.
The Shanghai Composite Index dropped 0.44% to 3,061.48 at 11:15 am, while Hong
Kong's Hang Seng Index was last up 0.27% to 30,087.43.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]

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