China Stocks Rise as PBOC Cuts Rates
Tuesday, May 20, 2025       09:31 WIB

The Shanghai Composite rose 0.2% to above 3,370 while the Shenzhen Component gained 0.2% to 10,195 on Tuesday, as investors assessed the People's Bank of China's decision to cut key lending rates for the first time in seven months.
At the May fixing, the PBoC lowered the one-year loan prime rate (LPR) by 10 basis points to 3.0% and the five-year LPR, which serves as a reference for mortgage rates, by the same margin to 3.5%.
The move, widely expected by markets, aims to boost the sluggish economy amid trade tensions that threaten to hamper growth.
Meanwhile, market sentiment was boosted after shares of China's CATL , the world's largest battery manufacturer, surged in their Hong Kong debut, marking the largest global listing of 2025.
Notable gainers include China Merchants Bank (0.8%), BYD Company (0.6%), and Kweichow Moutai (0.4%).

Sumber : tradingview.com

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