China's central bank just announced another hike in reserve requirements by 50 basis points, according to CNBC. The new requirements will take effect on Nov. 29.
Although the hike could have a negative impact on markets, a measure of this kind was expected. As of 5:45 EST the Shanghai composite is rising, up 0.81%.
The other big tightening measure announced this morning was a tax change to slow property sales in Hong Kong.
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