Stock market: Shanghai opens at +0.75%, Shenzhen at +1.13% - Breaking news. The Chinese stock markets consolidated their gains after the opening, continuing the positive trend started two days ago.
The cut of 25 basis points, to 3.95%, decided by the Central Bank (PBOC) in the primary lending rate (LPR) to 5 years, the mortgage benchmark. The Shanghai Composite index rises by 0.75% to 2,973.17 points, while that of Shenzhen marks an increase of 1.13%.