Asian stocks mostly higher as China holds interest rates

Monday, 20. January 2020 04:31

Equities on Asian markets traded mostly higher on Monday following the People's Bank of China's decision to keep it's one-year Loan Prime Rate unchanged.

On the trade front, Beijing said it will increase the purchases of United States goods and services "according to the market principles," following the so-called phase one trade deal signing in Washington last week.

The Kospi in Seoul reached a 16-month high on Monday, rising 1.04% at 4:30 am CET while the Nikkei 225 traded 0.25% higher at the same time. Meanwhile, the Shanghai Composite added 0.31% at 4:14 am CET and the Shenzhen Composite increased 0.98% at 4:30 am CET. The Hang Seng lost 0.24% while the S&P/ASX 200 traded 0.34% higher at the same time.

The dollar was flat, going for ¥110.1825 at 4:30 am CET.

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Breaking the News / GA