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

     BEIJING (MNI) - The Chinese yuan fell to 6.3149 against the U.S. dollar on
Tuesday from Monday's 6.3044 closing, following today's weaker fixing.  
     The People's Bank of China set the yuan central parity rate at 6.3229
Tuesday, weaker than Monday's 6.3034, marking the fifth consecutive trading day
that the central bank has set a weaker fixing.
     Interbank market rates dropped after PBOC injected CNY30 billion net via
open-market operations.
  - 7-day repo average last at 2.8650%, lower than 2.9651% yesterday 
  - Overnight repo average 2.6331%, down from 2.7924% yesterday. 
     Yield on 10-year China Government Bond last traded 3.5900%, down from
3.6000% close yesterday: Wind Information.
The Shanghai Composite Index rose 1.89% to 3126.09 at 10:57 am, while Hong
Kong's Hang Seng Index was last up 0.95% to 30541.59. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@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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