monetary policy by the Federal Reserve and China's economic challenges acted as a limiting factor to the extent of these gains.
Chinese stocks underperform on Tuesday, largely due to traders' sentiments being significantly impacted by China's economic challenges, triggered by the People's Bank of China disappointing the Loan Prime Rate by 10 basis points , falling short of the anticipated 15 bps reduction. This move suggests that China may be prioritizing the support of current borrowers over bolstering credit expansion.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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