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

     BEIJING (MNI) - The Chinese yuan fell slightly to 6.3412 against the U.S.
dollar on Tuesday from Monday's 6.3406 closing, despite today's stronger fixing.
     PBOC set the yuan central parity rate vs the U.S. dollar at 6.3386 today,
stronger than Monday's 6.3431. 
     Interbank market rates were lower after PBOC skipped its open market
operations today, leaving liquidity condition unchanged.
  - 7-day repo average fell to 2.8034% from 2.8755% yesterday 
  - Overnight repo average is up at 2.5834% from 2.6288% yesterday. 
     Yield on 10-year China Government Bond last traded 3.8550%, unchanged from
close yesterday: Wind Information.
Stocks fell, sending the Shanghai Composite Index down 0.16% to 3251.88 at 11:05
am, while Hong Kong's Hang Seng Index was last at 30,227.33, up 1.14%. 
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]

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