Workers at the construction site of resettlement housing in Huai ‘an city, Jiangsu province, China, June 17, 2024.
Cfoto | Future Publishing | Getty Images
Asia-Pacific markets started the day mixed as investors awaited China’s one- and five-year loan prime rates.
The one-year loan prime rate serves as a benchmark for most corporate and household loans, while the five-year rate serves as a peg for property mortgages. The one-year LPR currently stands at 3.45%, while the five-year LPR is at 3.95%.
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|---|
| .N225 | Nikkei 225 Index | NIKKEI | 38,280.25 | -290.51 | -0.75% |
| .HSI | Hang Seng Index | HSI | 18,430.39 | UNCH | UNCH |
| .AXJO | S&P/ASX 200 | ASX 200 | 7,766.80 | -2.90 | -0.04% |
| .SSEC | Shanghai | SHANGHAI | 3,017.27 | -0.78 | -0.03% |
| .KS11 | KOSPI Index | KOSPI | 2,801.63 | +4.30 | +0.15% |
| .FTFCNBCA | CNBC 100 ASIA IDX | CNBC 100 | 9,841.92 | -33.73 | -0.34% |
South Korea’s Kospi gained 0.06%, while the small-cap Kosdag inched up 0.04%.
Japan’s Nikkei 225 and the broad-based Topix started the day with losses of 0.28% and 0.12%, respectively.
Australia’s S&P/ASX 200 dipped marginally.
New Zealand’s economy exited a technical recession, growing 0.2% quarter-on-quarter in the first three months of the year and beating Reuters poll expectations of a 0.1% expansion. On a year-on-year basis, the economy grew 0.2%.
Hong Kong’s Hang Seng index futures were at 18,391, lower than the HSI’s last close of 18,430.39.
China LPR, New Zealand GDP #China #LPR #Zealand #GDP
Source Link: https://www.cnbc.com/amp/2024/06/20/asia-markets.html
China LPR, New Zealand GDP – Journal Today Web – #Market – BLOGGER – Market, China, GDP, Journal, LPR, Today, Web, Zealand
Workers at the cerebration place of transportation structure in Huai ‘an city, Jiangsu province, China, June 17, 2024. Cfoto | Future Publishing | Getty Images Asia-Pacific markets started the period integrated as investors expected China’s one- and five-year give maturity rates. The one-year give maturity evaluate serves as a criterion for most joint and home …
