WRAPUP 1-China central bank surprises by lending again at lower rates

Central Bank's Monetary Stimulus: China's central bank unexpectedly conducted a lending operation at lower rates to stimulate the economy, following recent cuts in benchmark lending rates and amid declining stock market performance.

Market Reactions and Future Expectations: The rate cuts have led to negative reactions in the stock markets, with analysts suggesting that more substantial fiscal support is needed to address underlying economic challenges beyond just interest rate adjustments.