The gains on the Mainland market supported by the People's Bank of China decision to stood pat on its benchmark lending rates for corporate and household loans in a widely expected move.
At close of trade, the benchmark Shanghai Composite Index fell marginal 0.04%, or 1.36 points, to 3,315.43. The Shenzhen Composite Index, which tracks stocks on China's second exchange, grew 1.27%, or 27.12 points, to 2,158.34. The blue-chip CSI300 index grew 0.5%, or 21.39 points, to 4,330.43.
CURRENCY NEWS: China's yuan was up against the U.S. dollar on monday, despite softer mid-point fixing by central bank. Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate CNY=PBOC at 6.712 per dollar, 197 pips or 0.3% weaker than the previous fix of 6.6923. In the spot market, onshore yuan CNY=CFXS opened at 6.7030 per dollar and was changing hands at 6.6772 around late afternoon, 401 pips firmer than the previous late session close.
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