Investors in Asia were quick to react to a report that China has canceled its last round of reserve ratio hikes, sending markets up on Tuesday. The Hang Seng rose 1.7% in Hong Kong, the Shanghai Composite inched up 0.1%, and in Japan the Nikkei 225 Index gained 0.2%.
Continue reading Chinese Reserve Ratios Escape Recent Hike, Asian Markets Rise
Chinese Reserve Ratios Escape Recent Hike, Asian Markets Rise originally appeared on DailyFinance on Tue, 08 Mar 2011 07:00:00.