Asian Market Update: Shanghai Remains In Retreat, BOK To Lower CPI Target

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After a 3% slump overnight, Shanghai Composite remains in year-end profit-taking mode, falling another 2% and testing below the psychological 3,000 level. Financials are again under pressure following CBRC report that November-end non-performing loan ratio rose another 15bps to 1.31%. Brokers were also heavily sold on press reports indicating that



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