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DeSantis Legacy Lives on in Unconstitutional Bills Banning Free Expression, Campus Palestine Groups

Exclusive-China moves to support yuan as stock markets tumble

SHANGHAI/BEIJING (Reuters) -China's major state-owned banks moved to support the yuan on Monday, tightening liquidity in the offshore foreign exchange market while actively selling U.S. dollars onshore as equities slid, four sources with knowledge of the matter said. The goal was to prevent the yuan from falling too fast as China's A shares plunged, said one of the people, with the benchmark Shanghai Composite index posting its biggest one-day drop since April 2022 on Monday, down 2.7%. "It is a clear policy signal to stabilise the yuan and counter the negative market sentiment on equities," said Gary Ng, senior economist for Asia Pacific at Natixis.

Separate counters to issue TIN at divisional secretariats and key public locations - Breaking News

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