China cuts a key policy rate for first time in 10 months as economic rebound cools

• The People’s Bank of China lowered the rate on 237 billion Chinese yuan ($33 billion) of one-year medium-term lending facility (MLF) loans to some financial institutions by 10 basis points.
• The Shanghai Composite was 0.3% higher while the Shenzhen Component was flat. Hong Kong’s Hang Seng index rose 1.3% and the Hang Seng Tech index jumped by more than 2%.

China cuts a key policy rate for first time in 10 months as economic rebound cools (cnbc.com)