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 Houston Mirror 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 Houston Mirror.
More InformationTEHRAN (Tasnim) - China Friday said it had taken 'reciprocal' measures against US diplomats in the country, who will have ...
SYDNEY, Australia - Stocks in Asia made a welcome return to the black on Friday, to close out what has ...
BEIJING, China - The Asian Development Bank (ADB) has approved a $300 million results-based lending program with private sector involvement ...
NEW YORK, New York - U.S. stock markets made minor gains on Thursday as speculation over the outcome of trade ...
DUSHANBE, Tajikistan - Tajikistan is reportedly on the cusp of selling a stake in its main industrial concern to a ...
SYDNEY, Australia - Stocks in Asia firmed on Thursday, after Wall Street rebounded on positive trade comments by President Trump.In ...
TEHRAN (Tasnim) - China Friday said it had taken 'reciprocal' measures against US diplomats in the country, who will have ...
HYDERABAD, India - Four men accused of the rape and murder of a 27-year old woman veterinarian in Hyderabad, India ...
Canada recently voted at the United Nations for the establishment of a Palestinian state. At the same time, Canada reiterated ...
APIA, SAMOA, Pacific Ocean - UN teams are on the ground in Samoa as the country combats a deadly measles ...
PORTLAND, Oregon - Like many Americans, Aaron Cole and his wife had been able to save up a nest egg ...
MELBOURNE, Victoria, Australia - Three people have been charged in relation to Australia's largest ever onshore methamphetamine seizure, worth more ...