{"id":56919,"date":"2013-06-26T07:47:54","date_gmt":"2013-06-26T07:47:54","guid":{"rendered":"https:\/\/armbanks.am\/2013\/06\/26\/238766\/"},"modified":"2024-12-15T13:05:32","modified_gmt":"2024-12-15T13:05:32","slug":"most-asia-shares-rebound-on-pboc-but-shanghai-extends-slide-reuters","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/06\/26\/56919\/","title":{"rendered":"Most Asia shares rebound on pboc but Shanghai extends slide: Reuters"},"content":{"rendered":"<p><strong>YEREVAN, June 26. \/ARKA\/.<\/strong> Most Asian shares turned around a four-day losing streak and rose on Wednesday as investors took comfort from U.S. data underscoring an American recovery and assurances from China&#8217;s central bank that it will offer funds to banks if needed.<\/p>\n<p>But fears of a credit crunch and slower loan growth continued to fuel selling of Chinese banking shares in Shanghai, pulling Japan&#8217;s Nikkei .N225 down nearly 1 percent at one point after a solid start. .T<\/p>\n<p>Even as they eased for a fourth day, China&#8217;s short-term borrowing rates remained at elevated levels and some traders expected liquidity to remain tight until mid-July.<\/p>\n<p>&#8220;Worries over China&#8217;s banking system and economy still weigh on the markets,&#8221; said Hiroaki Hiwada, a senior strategist at Toyo Securities.<\/p>\n<p>Hong Kong shares .HSI were up 0.9 percent but Shanghai shares .CSI300.SSEC once again turned lower and extended losses to more than 1 percent, after tumbling nearly 7 percent at one point on Tuesday to the lowest since January 2009.<\/p>\n<p>MSCI&#8217;s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS climbed 1.1 percent after plumbing an 11-month low on Tuesday, with Australia, Taiwan and Southeast Asian bourses firming.<\/p>\n<p>Still, the gauge&#8217;s relative strength index (RSI) was a weak 23.7, showing investor confidence in pan-Asian bourses remains badly shaken after a month-long emerging market slide. \u20130&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most Asian shares turned around a four-day losing streak and rose on Wednesday as investors took comfort from U.S. data underscoring an American recovery and assurances from China&#8217;s central bank that it will offer funds to banks if needed<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12147,9216],"tags":[12281,13440,12273,335],"class_list":{"0":"post-56919","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-bonds-am-en-en","7":"category-news","8":"tag-asian","9":"tag-shanghai","10":"tag-stock","11":"tag-335"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/56919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=56919"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/56919\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=56919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=56919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=56919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}