Asia-Pacific trades mixed following rates decision

Thursday, 20. May 2021 07:14

Equities in the Asia-Pacific region traded mixed on Thursday as investors fully digested China's decision to hold key interest rates unchanged for the 13th consecutive month. Meanwhile, United States President Joe Biden called out China saying it disrupted global economic stability, and coronavirus cases in India are still high, making traders wary of the possible spread of the Indian variant globally.

The Nikkei 225 was up 0.31% at 7:08 am CET, while the Kospi Composite traded 0.52% lower at the same time. A minute later, the S&P/ASX 200 rose 1.23%. The dollar declined 0.07% against the yen trading for ¥109.1515.

In mainland China, the Shenzen Composite was 0.28% higher at 7:11 am CET, as the Shanghai Composite decreased 0.24%. Concurrently, over in Hong Kong, the Hang Seng was down 0.79%.

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