# Asia-Pacific stocks mostly up; Chinese yuan moves following central bank action

> Asia-Pacific stocks mostly rose on Monday, led by mainland China after Xinhua reported a new comprehensive reform plan for Shenzhen. The yuan weakened against the dollar after the central bank made it cheaper to short the currency.

- Date: 2020-10-11 · published 2020-10-11T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/5557-asia-pacific-stocks-mostly-up-chinese-yuan-moves-following-central-bank-action
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Routine regional market moves with limited direct effect on feed commodity prices. The yuan move is a minor signal for Chinese import demand.

## Read by commodity

- USDCNY: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2020/10/12/asia-markets-chinese-yuan-pboc-oil-and-currencies.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.