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Chinese stocks fell on Monday, led by banking and energy shares, after a policy blueprint from President Xi Jinping underwhelmed investors. A surprise policy rate cut lowered bond yields and weakened the yuan to a one-week low against the dollar.
Investors also expected thinner bank margins after the cuts.
The rate cut and weaker yuan add to the signals of soft Chinese domestic demand, which weighs on import appetite for feed inputs. The price impact on feed commodities is limited because the policy document contained no major new shift.
thepoundhub.comAlan2024年7月22日在过去 398 次看涨的宏观事件之后，人民币(每 USD 的 CNY) 在 5 个交易日内中位数变动 +0.0%（56% 上涨；中间一半区间为 -0.3% 至 +0.5%），20 个交易日内为 +0.0%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
