China shares close lower after PBOC keeps rates unchanged
Shanghai Composite falls 0.93% (Il Sole 24 Ore Radiocor) - Shanghai , 20 Aug - Chinese shares closed lower, after the People's Bank of China left the one-year loan prime rate (LPR) unchanged at 3.35% and the five-year LPR at 3.85% after making a surprise cut of 0.10 points in both rates the previous month.
Losses were lead by energy and biotech companies.
The Shanghai Composite fell by 0.93% to 2,866.66 points while the Shenzhen CSI 300 slipped 0.72% to 3,332.70 points.
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(RADIOCOR) 20-08-24 10:30:48 (0212) 5 NNNN