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    September 28, 2018 4:09 PM AEST

    BEIJING Botas Mujer UGG Bailey Button Sheepskin Triplet 1873 Chestnut Comprar , Aug. 26 (Xinhua) -- Chinese stocks fluctuated wildly and ended lower on Wednesday despite the latest monetary easing moves by the central bank.


    The benchmark Shanghai Composite Index closed 1.27 percent lower at 2,927.29 points, plunging more than 3 percent during the morning session and jumping over 4 percent at its afternoon peak.


    The smaller Shenzhen Component Index lost 2.92 percent to close at 9,899.72. The ChiNext Index Botas Mujer UGG Bailey Button Sheepskin Triplet 1873 Negras Baratas , which tracks China's Nasdaq-style board of growth enterprises, shed 5.06 percent to end at 1,890.04.


    Losers outnumbered winners by 654 to 257 in Shanghai and 1,012 to 344 in Shenzhen. More than 660 shares fell by the daily limit of 10 percent Botas Mujer UGG Bailey Button Sheepskin Triplet 1873 Grises España , while 47 shares rose by 10 percent.


    The market extended losses seen in the past four trading days, which came after the release of weak economic data and depreciation of the yuan. The benchmark Shanghai index dived 8.49 percent on Monday, its biggest daily slump since February 2007.


    On Tuesday evening, the People's Bank of China (PBOC) cut interest rates for one-year lending and deposits by 25 basis points Botas Mujer UGG Bailey Button Sheepskin Triplet 1873 Marina Rebajas , and announced a reduction of the reserve requirement ratio (RRR), the portion of money banks need to set aside as reserves.


    This is the fourth RRR reduction in nearly seven months, and the fifth round of interest rate cuts in nearly nine months.


    The central bank said the moves were aimed at supporting the real economy amid downward pressure on growth and fluctuations in global financial markets.


    The easing only allowed battered investors to take a breath, and the market's downward trend has not changed for the moment Botas Mujer UGG Bailey Button Sheepskin Short 5803 Marina Baratas , according to a note from AVIC Securities.


    Aircraft and motorbike makers lost the most. AVIC Aircraft dived 10 percent to 22.79 yuan, while motorcycle firm Lifan Industry (Group) also fell 10 percent to 9.09 yuan.


    Banks and insurers were the biggest winners. China Merchants Bank jumped 9.38 percent to 16.09 yuan. China Pacific Insurance rose 5.94 percent to 20.14 yuan.




    WELLINGTON, Nov. 11 (Xinhua) -- New Zealand's manufacturing sector is on track to growing faster this year than in 2015, according to the latest performance of manufacturing index (PMI) out Friday.


    The BNZ-Business New Zealand PMI for October was 55.2, on a scale where above 50 indicates expansion and below 50 contraction.


    The reading was 2.3 points down from September, and the third time in four months activity has been in the 55 point range.


    The sector remained solidly in expansion in almost all months since October 2012, Business New Zealand executive director for manufacturing Catherine Beard said in a statement.


    The results over most of 2016 had been in a fairly consistent zone of expansion.


    "The headline result for the first 10 months of 2016 shows expansion only varying by 2.8 points, with most months seesawing between the 55 and 57 point range," said Beard.


    "At this stage, 2016 is shaping up as better than 2015 for the sector, although the next two months will determine the extent to which the sector can keep momentum going to provide healthy levels of expansion."


    BNZ senior economist Craig Ebert said in the statement that October's PMI level was "handsomely positive certainly well above its long-term average of 53.2."


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