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.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app