Lola Evans
18 Nov 2019, 16:19 GMT+10
SYDNEY, Australia - Stocks in Asia Pacific mostly rose on Monday after a surprise move by China to trim a key interest rate.
The move by China's central bank to reduce rates on 7-day reverse repurchase agreements by five basis points to 2.50% prompted lower yields on bonds, and a slightly higher yuan, as well as speculation that more stimulus may be on the way.
The Nikkei 225 closed 56.68 points or 0.24% higher on Monday, at 23,360.00.
Shares in Hong Kong on the Hang Seng index jumped 354.43 points or 1.35% to 26,681.09.
China's Shanghai Composite advanced 17.86 points or 0.62% to 2,909.20.
The Australian All Ordinaries went against the trend, losing 27.20 points or 0.39%. The key index closed Monday at 6,871.70.
Currencies were volatile Monday as the U.S. dollar was sold off in the Asian zone against the majors. The euro jumped to 1.1061 by the Sydney close on Monday. The British pound strengthened to 1.2923. The Japanese yen was steady at 108.82, as was the Swiss franc at 0.9898.
The Canadian dollar rose only slightly to 1.3218.
The Australian and New Zealand dollars were a fraction lower at 0.6810 and 0.6399 respectively.
Get a daily dose of Baltimore Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Baltimore Star.
More InformationMELBOURNE, Victoria, Australia - Three people have been charged in relation to Australia's largest ever onshore methamphetamine seizure, worth more ...
LONDON - U.S. President Donald Trump accused Canadian Prime Minister Justin Trudeau of being "two-faced" after Trudeau and other NATO ...
Three constitutional experts on Wednesday bolstered Democrats' efforts to impeach Donald Trump by saying the president's actions seeking foreign interference ...
Exceptional global heat driven by greenhouse gas emissions mean this decade will most likely go down as the warmest on ...
By "the interview" I mean the meeting in 2016 between Cardinal Pell and the Victorian Police. By "the story" I ...
WASHINGTON, DC - The 100th anniversary this year of the first African-American FBI agent provided an opportunity for current and ...
SYDNEY, Australia - Stocks in Asia firmed on Thursday, after Wall Street rebounded on positive trade comments by President Trump.In ...
NEW DELHI, India - The board of directors at telecom major Bharti Airtel has approved fund raising of up to ...
NEW YORK, New York - U.S, stocks rebounded on Wednesday as President Trump back-flipped again on comments about progress on ...
MANILA, Philippines - The Asian Development Bank (ADB) and the Association of Certified Anti-Money Laundering Specialists (ACAMS) are partnering in ...
SYDNEY, Australia - Australian stocks continued to be sold off on Wednesday, a day after losing $47 billion of their ...
MOUNTAIN VIEW, California - Tech giant Google on Tuesday appointed Indian-origin Sundar Pichai as the Chief Executive Officer (CEO) of ...