Asia mostly lower as China holds interest rates
Major stock exchanges in the Asia-Pacific region traded mostly lower on Monday after the People’s Bank of China (PBoC) announced during the weekend it decided to keep its interest rates unchanged. Meanwhile, Chinese Foreign Minister Wang Yi noted that the previous administration in Washington had brought “immeasurable damage” to the two countries’ relations. Also, United Kingdom Foreign Secretary Dominic Raab is expected to seek a United Nations-led investigation into alleged human rights violations in China’s Xinjiang region.
The Nikkei 225 index increased by 0.46% at the close. The Shanghai Composite was 0.90% down at 7:04 am CET and the Shenzhen Composite Index dropped 2.53% at 7:19 am CET, while the Hang Seng declined by 0.49% at 7:21 am ET. The Kospi fell by 0.73% a minute later. The S&P/ASX 200 in Australia lost 0.19% at the end of the trading session.
The dollar was 0.17% higher compared to the yen, going for 105.6375 at 7:22 am CET.
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