Asia-Pacific shares edge lower; China set to announce loan prime rates
Stocks in Asia-Pacific nudged lower Monday morning trade as investors await the release of China’s benchmark lending rate.
South Korea’s Kospi dipped 0.15% in early trade. Over in Australia, the S&P/ASX 200 shed 0.18%.
Overall, the MSCI Asia ex-Japan index traded 0.12% lower.
Markets in Japan are closed on Monday for a holiday.
China’s one-year and five-year Loan Prime Rate (LPR) are set to be out at around 9:30 a.m. HK/SIN on Monday. A majority of traders and analysts polled by Reuters expect no change to both the one-year and five-year LPR. The one-year LPR is currently at 3.85% while the five-year rate sits at 4.65%.
Reference: CNBC
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