Asia trades mostly lower after PBoC holds rates

Wednesday, 22. September 2021 04:44

Most equities on Asian markets traded lower on Wednesday after the People's Bank of China (PBoC) revealed it decided against adjusting its monetary policy in September. The central bank's one-year loan prime rate will remain unchanged compared to last month's data, standing at 3.85%. Meanwhile, the five-year loan prime was set at 4.65%, the same as it was for the past year.

The investors are still waiting for the Bank of Japan to hand down its latest policy decision.

On the Chinese mainland, the Shanghai Composite traded 0.72% lower at 04:37 am CET, with the Shenzhen Composite losing 1.16% a minute later. The dollar stood 0.20% higher against the yen, going for ¥109.4390 at 4:40 am CET, as the Australian S&P/ASX 200 added 0.62%. At 4:35 am CET, Japan's Nikkei 225 decreased by 0.58%. Markets in South Korea and Hong Kong are closed for a market holiday.

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Breaking the News / NL