With share prices in Shanghai and Hong Kong up and down all day, it would be premature to say that yesterday's decision by the People's Bank of China to cut interest rates and make it easier for banks to lend has brought calm to stock markets.
China has cut its main interest rate to boost growth in its economy.
Chinese shares were lower on Wednesday as its central bank again devalued the yuan, following Tuesday's record cut.
With share prices in Shanghai and Hong Kong up and down all day, it would be premature to say that yesterday's decision by the People's Bank of China to cut interest rates and make it easier for banks to lend has brought calm to stock markets.
China has cut its main interest rate to boost growth in its economy.
Chinese shares were lower on Wednesday as its central bank again devalued the yuan, following Tuesday's record cut.
