Asian stocks mixed on Monday even after CBOC cuts benchmark lending rates
Asia-Pacific mixed on Monday while Chinese markets increased after Central Bank of China (CBOC) cut its benchmark lending rates, according to CNBC.
China lowered its key lending rates again on Monday after one week it trimmed two interest rates.
The table below demonstrates the performance of major Asian stock markets on Monday;
| Nikkei 225 | decreased 0.47% |
| Shanghai | added 0.61% |
| SHENZHEN COMPONENT INDEX | hiked 1.19% |
| Hang Seng Index | slipped 0.57% |
| S&P/ASX 200 | fell 0.95% |
| NEW ZEALAND EXCH NZSX 50 FREE IDX | added 0.68% |
People’s Bank of China cut its five-year loan prime rate by 15 basis points to 4.30 percent from 4.45 percent, and lowered its one-year loan prime rate by 5 basis points to 3.65 percent.
