Asian markets have remained largely on the rise since PBoC kept its interest rates on loans (LPR) unchanged.
Major Chinese stocks are up, with Shanghai Composite up more than 0.1%, Shenzhen Composite up 0.144%, and Shenzhen Component up 0.31%.
In Hong Kong, the Hang Seng index is partially declining as the index’s growth is limited by AIA shares, which are down more than 1%.
Japan’s Nikkei225 is up by 0.18%, although Fast Retailing’s stock is leading today with a fall of more than 1%. Topix is up 0.5%.
Kospi also recorded growth, with the broad index up 0.82%. The rally was led by Samsung Electronics, up 1.8% after the company announced structural changes.
In Australia we are also on the rise. The ASX200 is up 0.3%, with the post office all sectors in positive territory.
MSCI Asia ex-Japan index remained up 0.15%.
During the Asian session, the US dollar remained weak, the Japanese yen too, trading at 110.17. The Australian dollar is also down to $ 0.6879.
Oil prices are trading higher with BRENT up 1.06%, WTI up 0.99%.
Trader Martin Nikolov