(Bloomberg) -- China's stocks fell after the central
bank signaled it may raise interest rates and account openings at
brokerages grew at the slowest pace since March, suggesting the
flow of savings into equities will diminish. Shanghai Pudong
Development Bank Co. led the decline.
``Monetary policy may continue to rein in liquidity and the
market is more or less expecting it and reacting to it,'' said Wu
Jianxiong, an analyst at Guotai Junan Securities Co. in Shanghai.
Read more at Bloomberg Stocks News
bank signaled it may raise interest rates and account openings at
brokerages grew at the slowest pace since March, suggesting the
flow of savings into equities will diminish. Shanghai Pudong
Development Bank Co. led the decline.
``Monetary policy may continue to rein in liquidity and the
market is more or less expecting it and reacting to it,'' said Wu
Jianxiong, an analyst at Guotai Junan Securities Co. in Shanghai.
Read more at Bloomberg Stocks News
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