Asian markets displayed a mixed performance as China opted to keep its loan prime rates steady, with Japan’s Nikkei 225 reaching a nearly 34-year high. While the Nikkei surged, Hong Kong’s Hang Seng dipped due to concerns over unchanged loan prime rates.
Australia’s S&P/ASX 200 continued its positive momentum, and South Korea awaits GDP figures. The Bank of Japan’s ongoing monetary policy meeting adds anticipation to the region’s economic landscape.
1. China maintains loan prime rates, with the Hang Seng falling 2.52%, led by real estate stocks.
2. Japan’s Nikkei 225 ends 1.62% higher at a near 34-year high, while the Topix gains 1.39%.
3. Bank of Japan initiates a two-day monetary policy meeting; policy decision awaited on Tuesday.
4. Australia’s S&P/ASX 200 rises 0.75%, extending gains, while South Korea’s Kospi and Kosdaq experience minor declines.
5. South Korea anticipates GDP figures release, and Japan prepares for trade balance data and inflation numbers.
