CHINESE financial markets saw mild declines as the country caught up with the cautious shift in sentiment globally after an extended holiday.
Moves were relatively muted, in what analysts saw as a sign of confidence over China’s efforts to maintain market stability and its ability to recover from the economic impact of the pandemic. The CSI 300 Index of stocks fell 0.5% as of 10:40 a.m. local time. The yuan weakened 0.4% to 7.090 per U.S. dollar while its offshore counterpart strengthened 0.26%.
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