GLOBAL MARKETS - Asia-Pacific markets mixed on China loan prime rate cut
Istanbul, October 21 (Hibya) - Asia-Pacific markets were mixed Monday as traders assessed China’s loan prime rate announcement, with focus also on Japan’s general election at the end of this week.
China’s central bank cut the one- and five-year LPRs by 25 basis points to 3.1 percent and 3.6 percent, respectively.
This has been indicated by the People’s Bank of China Governor Pan Gongsheng on Friday, although the
This week's key economic data will include October inflation figures for Japan’s capital city of Tokyo and advanced third-quarter GDP figures from South Korea.
Japan’s benchmark Nikkei 225 was trading close to the flatline, while the broad-based Topix was 0.17 percent lower. South Korea’s Kospi climbed 0.83 percent and the small-cap Kosdaq jumped 1.05 percent.
Australia’s S&P/ASX 200 started the day up 0.64 percent. Hong Kong’s Hang Seng index was up 0.14 percent, while mainland China’s CSI 300 rose 0.19 percent.
In the U.S., the S&P 500 and the Dow Jones Industrial Average surged to record highs Friday, sealing six straight weeks of gains. The broad market benchmark advanced 0.40 percent to close at 5,864.67, while the blue-chip Dow gained 36.86 points, or 0.09 percent, to end at 43,275.91.
The Nasdaq Composite, led by a post-earnings jump in Netflix, ended the day up 0.63 percent at 18,489.55.
Albania News Agency
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