China’s stock markets swung in and out of negative territory on Monday, the first day of trading after Beijing proposed retaliatory tariffs on $60 billion worth of U.S. goods, the latest shot in an escalating Sino-U.S. trade war. In contrast, shares in Hong Kong opened higher, with the Hang Seng index gaining 0.4 percent. On Friday, the People’s Bank of China said it would require banks to keep reserves equivalent to 20 percent of their clients’ foreign exchange forward dollar sales positions from Monday, in a move to stabilise the …read more
Source:: Yahoo Finance
