The smaller Shenzhen index ended down 0.53% and the start up board ChiNext Composite index was weaker by 0.4%. China central bank on Wednesday cut the interest rate on its medium term lending facility (MLF) for financial institutions by 20 basis points to 2.95%, a record low, in an attempt to combat the economic fallout from the coronavirus health crisis. More easing is widely expected to help struggling companies get back on their feet.
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