Asia shares try to stabilize, China edges higher
By Wayne Cole SYDNEY (Reuters) – Asian share markets struggled to stabilize on Tuesday as Chinese stocks bounced from a shaky start, offering hope that Monday's plunge was a flash in the pan. The People's Bank of China injected a generous slug of liquidity into domestic markets to keep borrowing costs down. The central bank also set the value of its yuan currency a little firmer than many had expected, countering concerns China was seeking an aggressive devaluation to aid exports.
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