Asia-Pacific markets trade mixed as China keeps benchmark lending rates steady
A Chinese flag flies high over The Bund.
Liu Liqun | Corbis Documentary | Getty Images
Asia-Pacific markets traded mixed Monday as China’s central bank held rates at a time when the yuan has come under pressure due to Beijing-Washington trade tensions.
Mainland China’s CSI 300 rose 0.18% after the People’s Bank of China kept its key loan prime rates unchanged at 3.10% for 1-year loan maturities and 3.60% for 5-year loan maturities, in line with the expectations of economists polled by Reuters.
Japan’s benchmark Nikkei 225 fell 1.24%, while the broader Topix index declined 1.18%.
In South Korea, the Kospi index was flat while the small-cap Kosdaq moved down 0.27% in choppy trade.
Australian and Hong Kong markets were closed for the Easter holiday.
— CNBC’s Sean Conlon contributed to this report.
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