With the Shanghai Composite tumbling 16% this week alone and rattling global markets, readers are asking us, "Will China lower interest rates?" The simple answer is that they already have.
The Shanghai Composite finished in the red today (Wednesday) for the fifth consecutive day. The index was up as much as 4% at one point, but finished the session down 1.3% to 2,927.29.
Here's why another rate cut might have little effect on steadying China's markets...
With the Shanghai Composite tumbling 16% this week alone and rattling global markets, readers are asking us, "Will China lower interest rates?" The simple answer is that they already have.
The Shanghai Composite finished in the red today (Wednesday) for the fifth consecutive day. The index was up as much as 4% at one point, but finished the session down 1.3% to 2,927.29.
Here's why another rate cut might have little effect on steadying China's markets...
Chinese stock markets suffered another punishing day Tuesday on the heels of a steep drop Monday.
Hours after stocks closed in China, Beijing moved to support markets with an interest rate cut and bank reserve requirement.
Here's what's next for the Chinese stock market and for global markets...
