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

     BEIJING (MNI) - The Chinese yuan weakened to 6.3702 against the U.S. dollar
on Wednesday from Tuesday's 6.3535 closing, following today's weaker fixing. 
     The People's Bank of China set the yuan central parity rate at 6.3745
Wednesday, much weaker than Tuesday's 6.3486.
     Interbank market rates rose after PBOC injected a net of CNY200 billion via
its open market operations.
  - 7-day repo average fell to 2.8247% from 2.7787% Tuesday; 
  - Overnight repo average rose to 2.7517% from 2.6566% Tuesday. 
     Yield on 10-year China Government Bond last traded 3.7300%, up from 3.7050%
close on Tuesday: Wind Information.
The Shanghai Composite Index was down 0.28% to 3183.26 at 11:03 am, while Hong
Kong's Hang Seng Index was last down 0.44% at 31,013.44. 
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Singapore Bureau; +65 8233 2326; email: Asia-Editor@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]

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