Asia-Pacific markets trade higher as investors assess China's key lending rate decision
Asia-Pacific markets climbed Monday as investors assess China's benchmark lending rate decision.
TL;DR
- The People's Bank of China kept its 1-year and 5-year loan prime rates unchanged at 3% and 3.5% respectively.
- Hong Kong's Hang Seng index rose 0.55%.
- Mainland China's CSI 300 advanced 0.95%.
- Australia's S&P/ASX 200 rose 0.91%.
- Japan's Nikkei 225 rose 1.81%, and the Topix was 0.64% higher.
- South Korea's Kospi jumped 2.12%, and the Kosdaq rose 1.52%.
- U.S. futures ticked slightly higher.
- U.S. stocks rose on Friday, boosted by Oracle.
- The Nasdaq Composite rose 1.31%, the S&P 500 added 0.88%, and the Dow Jones Industrial Average advanced 0.38% on Friday.