The PBOC did not conduct standard reverse repo operations today but injected CNY 327.4 bln via overnight reverse repos; with CNY 469.7 bln of overnight reverse repos maturing, the net liquidity withdrawal was CNY 142.3 bln.

MSCI emerging markets index ended a four-day advance, falling 0.7%, with losses led by Samsung Electronics and TSMC. The EM currency index retreated from record highs, down 0.1%, as the dollar strengthened for the first time in four days. A global bond sell-off and rising oil prices weighed on risk appetite. Chris Turner, ING global markets head, said a large-scale sell-off in the US long bond market is typically negative for EM currencies and overall risk.

港股短线走高，恒指转涨，恒生科技指数跌幅收窄至1.1%，腾讯控股(00700.HK)短线拉升，现涨近1%。