PBoC injects CNY 39.5bln via 7-day reverse repos with the rate at 1.40%
The PBoC's injection of CNY 39.5 billion via 7-day reverse repos at a 1.40% rate signals its continued efforts to provide liquidity amid potential economic pressures.
Taiwan's Cabinet says it is to further cut the commodity tax on gasoline and diesel to 50%
Deadly explosion reported in a northern Tehran building, according to Iranian media
PBoC injects CNY 39.5bln via 7-day reverse repos with the rate at 1.40%
PRE-MARKET CHINESE STOCKS NEWS: CATL earnings, US and China reportedly clashed over fentanyl and tariffs, while Chinese trade data is scheduled today
PBoC sets USD/CNY mid-point at 6.8982 vs exp. 6.8891 (Prev. 6.9158)
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This move is likely to support conditions for stability and growth, reflecting a cautious yet accommodative stance, which may keep downward pressure on yields and impact broader market sentiment in Asia.
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