Asia-Pacific stocks are mixed as China keeps key rate unchanged
SINGAPORE – Stocks in major Asia-Pacific markets were mixed on Tuesday as investors reacted to China’s key rate setting in October.
Mainland Chinese stocks were higher that day, with the Shanghai Composite up 0.47% to around 3,328.10 while the Shenzhen component jumped 1.361% to around 13,603.88. that of Hong Kong Hang Seng Index was slightly higher, from its last hour of trading.
In Japan, the Nikkei 225 was down 0.44% to close at 23,567.04 while the Topix index also lost 0.75% to end its trading day at 1,625.74. Actions of Japan Exchange Group fell 1.51% on the day, after local media reports that the country’s financial regulators are set to conduct an on-site inspection at the Tokyo Stock Exchange after a technical issue earlier in October that interrupted trading for a day.
that of South Korea Kospi closed 0.5% higher at 2,358.41. Shares of South Korean chipmaker SK Hynix fell 1.73% after the the company said on Tuesday it will buy Intel $ 9 billion NAND memory and storage company.
Meanwhile, shares in Australia fell, with the S & P / ASX 200 ending its trading day down 0.72% to 6,184.60.
The largest MSCI index of Asia-Pacific stocks outside of Japan was below the flat line.
China’s latest one-year and five-year prime lending rates (LPRs) remained unchanged on Tuesday, in line with the expectations of a majority of traders and analysts in a snapshot Reuters poll. Currently, the one-year LPR stands at 3.85% while the five-year rate is 4.65%.
the US dollar index, which tracks the greenback against a basket of its peers, was at 93.416 after a previous low of 93.377.
the Japanese yen traded at 105.49 to the dollar after a previous low of 105.61 against the greenback. the Australian dollar changed hands at $ 0.7038 after slipping from levels above $ 0.71 yesterday.
Oil prices were lower in the afternoon of Asian trading hours, with an international benchmark Brent Crude Futures down 0.31% to $ 42.49 per barrel. U.S. crude futures contracts also fell about 0.2% to $ 40.76 a barrel.