SSE - The Shanghai Composite Index - closed 1.9% down on the day, in apparent response to the earlier-than-expected rate increase announced by the Chinese central bank on Christmas day.
The effect of the negative news is compounded by the reduction in equity market liquidity resulting from recent successive reserve-ratio increases.
China stocks fall after central bank's weekend rate hike, amid speculation more hikes to come
CHINA MARKETS-Chinese stocks fall as rate rise reality sets in
CHINA MARKETS-Chinese stocks fall as rate rise reality sets in
Stocks, U.S. Futures Fall on China Rate Concern; Treasuries Drop
China stocks close down – Dec 27
25 Dec 2010 - Chinese Central Bank Raises Prime Rate
China Raises Rates
Yahoo Finance news
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2010-01-07
http://www.reuters.com/article/idUSTRE7060SD20110107?loomia_ow=t0:s0:a49:g43:r4:c0.032727:b40798056:z0
China Money: Bank reserves turn top weapon in liquidity fight
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