Tiananmen, Gate of Heavenly Peace, Beijing
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Asia-Pacific markets were blended on Monday as China kept its loan prime rates the same, as anticipated.
The Nikkei 225 struck a near 34- year high to end 1.62% greater at 36,54695, while the more comprehensive Topix acquired 1.39% to close at 2,54492
On the other hand, Hong Kong’s Hang Seng index fell 2.52%, led by property stocks after the People’s Bank of China left the one- and five-year loan prime rates left the same at 3.45% and 4.2%, respectively. China’s CSI 300 index ended 1.56% lower at 3,21890
The Bank of Japan began its two-day financial policy conference today, and will reveal its policy choice on Tuesday.
Japan will launch its trade balance information for December on Tuesday and January inflation numbers for Tokyo on Friday.
In Australia, the S&P/ ASX 200 ended 0.75% greater at 7,47660, extending gains from Friday and beginning the week on a favorable note.
South Korea’s Kospi fell 0.34% to close at 2,46435 while the small-cap Kosdaq dropped 0.35% to 839.69
South Korea will likewise launch its gdp figures for the 4th quarter of 2023 on Wednesday.
On Friday in the U.S., the S&P500 index increased 1.23% to settle at 4,83981, crossing both the record intraday and closing highs from January 2022.
The Dow Jones Industrial Average, which set its own all-time high at the end of in 2015, included 1.05%, while the Nasdaq Composite advanced 1.70%.
— CNBC’s Hakyung Kim and Lisa Kailai Han added to this report.
