Asian Markets React to China's Steady Interest Rates

Following the People's Bank of China's decision to keep its key interest rate unchanged, major stock indexes in the Asia-Pacific region showed mixed results. This move comes at a time when the trade war between the United States and China continues to loom large, with Beijing promising retaliation against any U.S. efforts to isolate China economically.

Market Movements Highlight Regional Divergence

By 7:14 am CET, South Korea's Kospi remained flat, while Japan's Nikkei 225 experienced a 1.23% drop. Contrastingly, mainland China saw gains with the Shanghai Composite up by 0.33% and the Shenzhen Composite rising by 1.10% at 7:15 am CET. Notably, markets in Hong Kong and Australia were closed for Easter Monday, adding to the day's varied trading landscape.

Currency Fluctuations Add to the Day's Financial Narrative

The dollar also saw a significant decrease, losing 1.17% against the yen by 7:16 am CET, trading at 140.72750.