Breadth divergence is a troubling sign for the stock market

China’s PBOC keeps key policy rates unchanged

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China’s central bank kept its key policy rates unchanged on Friday while injecting fresh liquidity into the financial market.

The People’s Bank of China held the interest rate of the one-year medium-term lending facility steady at 2.85% and the seven-day reverse repurchase agreement rate unchanged at 2.1%, according to a brief statement on its website.

Friday’s…

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