From CNBC, September 21:
Asia-Pacific markets traded mostly higher Monday, tracking Wall Street’s gains on Friday stateside, as investors assessed China’s key lending rate decision.
China’s CSI 300 opened flat after its central bank kept the loan prime rates (LPR) unchanged for the fourth month in a row, in line with a Reuters poll. The decision to stand pat comes after the U.S. Federal Reserve lowered its rates by 25 basis points last week.
The People’s Bank of China kept the one-year LPR unchanged at 3.0% while the five-year LPR at 3.5%, respectively, according to a statement Monday. The one-year LPR influences most new and outstanding loans, while the five-year rate influences the pricing of mortgages.
Hong Kong’s Hang Seng Index fell 0.3%, while the Hang Seng Tech Index declined 0.47%....
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