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 BC Post 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 BC Post.
More InformationAUCKLAND, New Zealand - New Zealand Defence Force and police officers successfully recovered six bodies from Whakaari/White Island on Friday, ...
LONDON - Prime Minister Boris Johnson's Conservative Party will win an overwhelming victory in Britain's election with a majority of ...
BETHLEHEM, Palestinian territories - Israel announced Thursday that Christians in the Gaza Strip will be barred from visiting Holy cities ...
NIAMEY, Niger - At least 71 soldiers were killed and twelve others sustained injuries in a deadly terror attack that ...
BAGHDAD, Iraq - As protests in Iraq enter their third month, the numbers of arrests, abductions, and killings of protesters ...
SYDNEY, Australia - Two Australian schoolboys severely injured in the White Island volcano eruption in New Zealand on Monday have ...
Rome - Former French Open champion Francesca Schiavone said on Friday she had defeated cancer, defiantly telling fans: "I'm still ...
London - Jurgen Klopp said on Friday he signed a contract extension keeping him at Liverpool until 2024 to project ...
Berlin - Interim coach Hansi Flick says Philippe Coutinho's first Champions League goal for Bayern Munich proved the on-loan playmaker ...
London - Frank Lampard will not speak to any of his Chelsea players about their immediate Stamford Bridge futures until ...
Manchester - Pep Guardiola has denied reports that he has a break clause in his Manchester City contract that would ...
Istanbul - Arsenal's Mesut Ozil, a German footballer of Turkish origin, on Friday expressed support for Uighurs in Xinjiang and ...