KXIP vs KKR Live Score

These cuts follow a year of lackluster momentum in the economy as the government tried to rein in its high levels of debt through tax cuts, infrastructure spending and weak monetary policy, in addition to growing pressure from United States trade tariffs.

James McGlew, executive director of corporate stockbroking at Argonaut Ltd.in Brisbane, said Chinese investors were catching up after global markets turned lower during China's week-long National Day holiday.

Weaker Chinese economic growth "is likely to further weigh on" the exchange rate, Luc Luyet of Pictet Wealth Management said in a report.

"China is probably facing its worst period since the global financial crisis".

The PBOC moved to cut the RRR over the weekend to increase liquidity in order to support lending and credit but the central bank also reiterated that this won't lead to yuan depreciation pressures. But the central bank maintained that its monetary policy is still prudent and neutral - not accommodative.

The central bank is likely to prevent the yuan from crossing the "psychological threshold" of seven to the dollar, Luyet said. The central bank said it...

"In the face of rising trade frictions, moderate yuan depreciation aids exporters and is what the market expects to see", Tang Xiangbin, currency analyst at China Minsheng Banking Corp said, predicting additional United States rate hikes would help strengthen the dollar further. That said, amid a worsening trade-war outlook, negative sentiment around China's economy and a surging USA dollar could yet test the nation's defenses. Beijing is therefore taking pre-emptive steps to avoid massive outflows of investor money from its financial system, analysts said, adding that could deal another blow to its economy which is already experiencing slower growth.

Facebook Wants You To Allow Its Cameras Into Your Home
Facebook knows its audience - or at least it has a lot of information about it. "All the calls are always completely private". With the products, Facebook will seek to bring some entertainment to your living room-camera and microphone rolled into one.

The total funds released by RRR cut is slightly more than the amount banks needed to repay their MLF.

Tourism spending by domestic travellers in the first four days of the National Day holiday, which ended on Sunday, rose just 8.1% from past year, which is much less than the 21% growth recorded in 2017, according to figures from the China Tourism Academy. Experts had expected the sell-off to spill over to the Shanghai and Shenzhen stock markets when they re-open on Monday.

Although the exchange rate historically moved largely in tandem with that of the RRR, I don't believe there is much room for further RRR cut.

Japan's Nikkei fell 3.4 percent, the steepest daily drop since March, while the broader TOPIX lost around $195 billion in market value.

"China is a bit nervous".

The announcement comes after Beijing pledged to speed up plans to invest billions of dollars in infrastructure projects as the economy shows signs of cooling furhter.

As the stock with the second-biggest weighting on the index, PetroChina was back in favour among traders because of optimism that its earnings will get a boost from rising crude oil prices that are trading near a four-year high in NY.