China's central bank announced significant interest rate cuts and reserve requirement ratio reductions to boost economic growth. The seven-day reverse repurchase rate will drop by 10 basis points to 1.4%, and the loan prime rate will also decrease. A 50 basis point reduction in the reserve requirement ratio will inject 1000 billion yuan ($138.6 billion) into the market. These moves follow news of upcoming trade talks between Chinese and U.S. officials to address tariff disputes.

Prepared by Christopher Adams and reviewed by editorial team.