(Adds latest market action, specific stock moves) SHANGHAI, Oct 29 (Reuters) - China's shares slid nearly 3 percent early on Friday after Beijing raised interest rates for the first time in nine years, but recovered swiftly from the long-anticipated move on the back of a rally among bank counters. The Shanghai composite index fell 2.81 percent to 1,304.067 in the first few minutes of trade. By 0159 GMT the market had recovered to trade down 1.45 percent at 1,322.302. Heavy losses ...
Premium Content (PAID Subscription Required)
"UPDATE 1-China's shares slide after rate hike but banks shine" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.