The Shanghai Composite added 16 points or 0.55% to 2907 by 1:25pm CST, as The People’s Bank of China unexpectedly lowered its 7 day reverse repurchase rate from 2.55% to 2.5%, signaling that policymakers are ready to stimulate the slowing economy. Meanwhile the Hong Kong Hang Seng added 200 points or 0.76% 26526, despite increasingly violent anti-government protests throughout the city. The Nikkei 225 added 65 points or 0.28% to 23361 and the Kospi lost 8 points or 0.35% to 2155.
