Asia Markets: Asian markets mixed as China rolls out new benchmark lending rate [MarketWatch]
FAMILYMART UNY HOLDINGS CO LTD AMERICAN DEPOSITA (FYRTY)
Company Research
Source: MarketWatch
Asian markets mixed as China rolls out new benchmark lending rate Asian markets were mixed in quiet trading early Tuesday, after China’s central bank announced its new benchmark lending rate. The People’s Bank of China set the one-year Loan Prime Rate at 4.25%, down from 4.31% previously, according to the Wall Street Journal . The PBoC announced the new benchmark mechanism over the weekend, which essentially serves the function of a rate cut. Hong Kong’s Hang Seng Index HSI, -0.06% surrendered early gains and was last down 0.2%, while the Shanghai Composite SHCOMP, +0.07% also gave up early gains and was last about flat. Japan’s Nikkei NIK, +0.39% rose 0.4% while South Korea’s Kospi 180721, +0.56% gained 0.5%. Benchmark indexes in Taiwan Y9999, +0.38% , Singapore STI, +0.29% , Malaysia FBMKLCI, +0.18% and Indonesia JAKIDX, -0.03% were mixed. Australia’s S&P/ASX 200 XJO, +0.79% advanced 0.7% as minutes of the Reserve Bank of Australia’s July meeting revealed ce
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