Hong Kong stocks reverse losses as investors assess key China data; Nikkei tumbles almost 2%

News News

Hong Kong stocks reverse losses as investors assess key China data; Nikkei tumbles almost 2%
United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The People’s Bank of China held its medium term lending facility rate unchanged at 2.5% on 182 billion yuan, as expected

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

The People's Bank of China held its medium term lending facility rate unchanged at 2.5% on 182 billion yuan, as expected.

However, industrial output grew by 5.6% year-on-year, compared to the 6% increase expected, while fixed asset investment rose 4% compared to last May, just missing the 4.2% forecast.China's retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

NBCNewYork /  🏆 270. in UK
 

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines



Render Time: 2025-01-21 09:29:42