Reply To: Traders Market Weekly: September Effect on Risk Appetite


The People’s Bank of China lowered its one-year loan prime rate by ten basis points to 3.45% while the 5-yr rate was left unchanged at 4.20% against expectations for bigger cuts.

Bank stocks underperformed in Hong Kong after the PBoC action was announced.
Hong Kong’s Hang Seng fell back into bear market territory after a brief appearance in that zone in June.