Tuesday, November 23, 2010

Bearish sentiments in Asia on Chinese government decision to raise reserve requirements at the country’s banks to head off inflation

Markets where the Eid holidays were being celebrated last week are returning to business this week amidst big changes in market dynamics. Just prior to last week’s holidays, the Chinese government haad taken the decision to raise reserve requirements at the country’s banks in order to head off inflation, as per Chemorbis.

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