Asia Mixed on China Rate Cut



Asia-Pacific markets closed mixed Tuesday as investors assessed decisions on key lending rates by China’s central bank.

In Japan, the Nikkei 225 lost 106.73 points, or 0.3%, to 38,363.71.

In Hong Kong, the Hang Seng index gathered 91.91 points, or 0.6%, to 16,247.51.

In Australia, markets closed marginally lower, as Star Entertainment fell more than 20% to a record low on report of a possible second inquiry into its Sydney casino.

CHINA

In Shanghai, the CSI 300 gained 7.04 points, or 0.2%, to 3,410.85, after the People’s Bank of China cut its five-year loan prime rate by 25 basis points to 3.95%, and kept one- and five-year LPR remains unchanged at 3.45%.

In other markets

Singapore’s Straits Times Index moved forward 18.15 points, or 0.6%, to 3,244.06.

In Korea, the Kospi dropped 22.47 points, or 0.8%, to 2,657.79.

In Taiwan, the Taiex index spiked 117.36 points, or 0.6%, to 18,753.16.

In New Zealand, the NZX 50 slid 82.05 points, or 0.7%, to 11,571.22.

In Australia, the ASX 200 dipped 6.05 points, or 0.1%, to 7,659.05.



Source link

About The Author

Scroll to Top