Asia mostly lower after PBoC holds interest rates

Tuesday, 20. October 2020 04:44

Equities on Asian markets traded mostly lower on Tuesday after the People's Bank of China (PBoC) revealed it decided against adjusting its monetary policy. The central bank's one-year loan prime rate will remain unchanged compared to last month's data, standing at 3.85%. Meanwhile, the five-year loan prime was set at 4.65%, the same as it was in September.

Hong Kong's Hang Seng went 0.6% down at 4:38 am CET, while, on the Chinese mainland, the Shenzhen Composite traded 0.16% higher at 4:39 am CET, as the Shanghai Composite lost 0.35% at the same time.

Japan's Nikkei 225 decreased by 0.32% at 4:30 am CET, with the dollar trading 0.09% higher against the yen, going for ¥105.5380 at 4:42 am CET. At 4:42 am CET the Australian S&P/ASX 200 lost 0.48% and South Korea's Kospi Composite declined 0.97% a minute later.

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Breaking the News / NL