Such was the case on Tuesday, when the People’s Bank of China withdrew incremental liquidity and an adviser warned obliquely of asset bubbles. The result was the biggest drop in eight months for the Hang Seng Index. State media was quick to calm nerves, with the Securities Times urging investors in a front-page editorial to avoid reading too much into the central bank’s money-market operations.
The benchmark stabilized on Wednesday, losing just 0.3%, even though the PBOC withdrew a greater amount of funds than the prior day. On Thursday, the benchmark fell as much as 1.7% in morning trade as the PBOC withdrew short-term liquidity at the fastest pace in three months.
Emilian Kamiński poznał smak bezdomności Ciężkie dzieciństwo aktora
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