Japan drops more than 1%; China’s benchmark lending rate release ahead
20 Apr 2021 | SET News
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Japan drops more than 1%; China’s benchmark lending rate release ahead
Shares in Asia-Pacific were mixed in Tuesday morning trade as investors await the release of China’s latest benchmark lending rate.
Stocks in Japan led losses among the region’s major markets, with the Nikkei 225 falling 1.31% while the Topix index shed 1.22%.
Elsewhere, South Korea’s Kospi gained 0.11% while the S&P/ASX 200 in Australia declined 0.14%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded fractionally higher.
On the economic data front, China is set to its latest one-year loan prime rate (LPR) as well as the five-year LPR at 9:30 a.m. HK/SIN. A majority of traders and analysts in a Reuters poll predict no change to either the one-year or five-year LPR.
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