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Asian markets open mixed

Economies.com
2020-05-20 04:19AM UTC

Asian stock indices opened the third session of the week mixed with Japan, Australia and South Korea higher, while China, New Zealand, and Hong Kong lost ground, after the People's Bank of China maintained one-year interest rates at 3.85% and five-year rates at 4.65% as expected. 

 

Earlier Japanese data showed machine orders fell 0.4% in March m/m, while down 0.7% y/y. 

 

Bank of Japan will hold an emergency meeting next Friday with Fed officials expected to maintain rates at negative 0.10% and launch more stimuli. 

 

Japan's TOPEX rose 0.58%, while Nikkei 225 rallied 1% t 20,637. 

 

China's CSI 300 slipped 0.49%, while Shanghai shed 0.45% to 2,885. 

 

Hong Kong's Hang Seng inched down 0.14%, while South Korea's KOSPI gained 0.20% to 1,984. 

 

New Zealand's NZX 50 fell 0.25%, while Australia's S&P/ASX 200 rose 0.02% to 5,560.40. 

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