Workers at the construction site of resettlement housing in Huai ‘an city, Jiangsu province, China, June 17, 2024.
Cfoto | Future Publishing | Getty Images
Asia-Pacific markets were mostly lower on Thursday as China kept its one- and five-year loan prime rates unchanged.
The one-year loan prime rate serves as a benchmark for most corporate and household loans, while the five-year rate serves as a peg for property mortgages. The one-year LPR currently stands at 3.45%, while the five-year LPR is at 3.95%.
Earlier this week, the People’s Bank of China kept the 1-year medium-term lending facility rate steady at 2.5%.
Mainland China’s CSI 300 dipped marginally after the announcement, while Hong Kong’s Hang Seng index opened 0.23% higher.
TICKERCOMPANYNAMEPRICECHANGE%CHANGE.N225Nikkei 225 IndexNIKKEI38,271.14-299.62-0.78%.HSIHang Seng IndexHSI18,467.26+36.87+0.20%.AXJOS&P/ASX 200ASX 2007,761.40-8.30-0.11%.SSECShanghaiSHANGHAI3,026.22+8.17+0.27%.KS11KOSPI IndexKOSPI2,805.25+7.92+0.28%.FTFCNBCACNBC 100 ASIA IDXCNBC 1009,847.57-28.08-0.28%
South Korea’s Kospi gained 0.23%, while the small-cap Kosdaq slipped 0.11%. Shares of HMM, the country’s largest containership, leaped almost 4%.
Japan’s Nikkei 225 and the broad-based Topix slipped of 0.79% and 0.85%, respectively.
The Taiwan Weighted Index high new highs for the third day in a row, up 0.13%.
Australia’s S&P/ASX 200 dipped marginally.
New Zealand’s economy exited a technical recession, growing 0.2% quarter-on-quarter in the first three months of the year and beating Reuters poll expectations of a 0.1% expansion. On a year-on-year basis, the economy grew 0.2%.
Source link : https://www.cnbc.com/amp/2024/06/20/asia-markets.html
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Publish date : 2024-06-19 19:53:53
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