However, the bank'smove could not prevent stocks from falling further.
The decision by China's central bank to cut the amount of reserves held by banks is an indication that authorities in the world's second-largest economy are getting nervous about a long-drawn trade war with the US, experts said.
The PBOC would "maintain reasonably ample liquidity to drive the reasonable growth of monetary credit and social financing scale", it said.
The losses in NY seeped into Asia, where Shanghai sank 2.4 percent and Hong Kong lost 0.8 percent with property firms hit by expectations the city's banks will lift mortgage rates again as they track a likely Fed hike.
This was the second time that the central bank used RRR cuts to replace MLF operation this year.
"Timing wise, it suggests policymakers wish to stabilise the market sentiment given the recent stress in financial markets and rising growth concerns as US-China trade tension further escalate".
"An RRR cut is not enough to counter the impact of the trade war", Shanghai Wisdom Investment General Manager David Dai told Reuters.
Foreigners dumped a net 9.7 billion yuan (S$1.96 billion) of A-shares through exchange links with Hong Kong on Monday (Oct 8), just short of a record hit eight months ago, as mainland markets re-opened after the week-long break.
The People's Bank of China announced earlier yesterday that it would lower the required reserve ratio by 1 percent for most banks on October 15, allowing lenders to pay off CNY450 million (USD65 million) in medium-term lending facilities due to mature that day and freeing up another CNY750 million in liquidity.
However, Beijing has refused to yield to US complaints that the Chinese government steals or pressures foreign companies into handing over technology.
And on Friday, Chinese technology stocks listed in Hong Kong, including Lenovo and ZTE Corp, slumped on a Bloomberg report that the systems of multiple USA companies had been compromised by malicious computer chips inserted by Chinese spies.
The central bank made the move to ensure "reasonable and sufficient liquidity" in China's economy, it said. Before trading began on Monday, the PBOC set the midpoint of the yuan's daily trading band at 6.8957 per dollar, its weakest level since May 11, 2017. At its two-day meeting ending later on Wednesday, the Fed is expected to increase US interest rates for the third time this year. Markets in Japan are closed for a holiday.
The 30-year Treasury bond reached a four-year high of 3.424 percent, and was at 3.4054 percent at the USA close on Friday.
China's yuan eased against the U.S. dollar in thin trade on Wednesday, reflecting a weaker official midpoint, as the market waited to see what the U.S. Federal Reserve does at a policy meeting and how its Chinese counterpart reacts.
En él, avanza la llegada de los Pokémon de la región de Sinnoh a la app, asegurando que estarán disponibles en la misma "pronto". Por ejemplo, en determinadas zonas, como parques y reservas naturales, se encontrarán especies de Pokémon más variadas.
She revealed at the end of the note that she had moved out of their flat and taken their shared cat Winston with her. It came after Seann and Katya both issued apologies to their Twitter accounts insisting it was an "one-off mistake".
She didn't need him like she needed him before - she was getting everything she wanted from being a star and being on that show. He would have to reach out to her and I think their relationship became a lot more distant then and that hurt his feelings".
Wozniacki was in solid form throughout the tournament and did not drop a single set to romp towards the title. The second seed Dane did not take much time in the Chinese capital, Beijing to clinch her 30th career crown.
De acuerdo a ScreenRant , Joker será la primera entrega de un nuevo universo que se llamará el DC Dark o DC Black . Poco a poco van apareciendo nuevas imágenes entre bambalinas del brutal Joker al que dará vida Joaquín Phoenix .
The Pixel 3 and Pixel 3 XL launch in the United Kingdom on 1 November and preorders are open now on the Google Store . As far as the camera goes, both devices have a 12.2MP single-lens rear camera with a f/1.8 aperture and 1.4μm.
Así lo confirmaron fuentes allegadas a la estrella del FC Barcelona que además revelaron que el anuncio oficial se hará mañana. Sony Music estará a cargo de la musicalización, mientras que el argentino Afo Verde llevará la discografía internacional.
Banksy's painting 'self-destructed' after $1.4M sale
Investigators have also claimed to have matched up Massive Attack's touring schedule with appearances by art by Banksy . Street artist Banksy , who has never revealed his identity , pulled off the biggest prank in auction history.