Asian stocks mixed as China holds loan prime rate

Monday, 21. October 2019 07:47

Asian equities traded higher on Monday as investors focused on Japanese data and Chinese central bank's interest rate decision. The People's Bank of China announced it kept its Loan Prime Rate for October unchanged compared to September at 4.2%. Meanwhile, Japan's export figures for September were down by 5.2% compared to the same month of the previous year while the trade deficit was unchanged year-on-year. The situation in Hong Kong was still in focus as protesters set a subway on fire on Sunday and continued the riots for the fifth consecutive month.

The Nikkei gained 0.29% at 7:31 am CET, despite the weak data release from Japan's Ministry of Finance. The Hang Seng went up for 0.21% while the Kospi rose 0.17% at the same time. The Shanghai Composite and the Shenzhen Composite lost 0.28% and 0.16% respectively. The S&P/ASX 200 traded mostly flat with an increase of 0.04%.

The dollar was up 0.10% against the yen changing hands at 108.5085 at 7:31 am CET.

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Breaking the News / GA