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Indices go up after interest rates left unchanged by China

interest rates

Major Asian stock indexes ended the first day of regular trading with gains. That happen after China’s central bank left key interest rates unchanged. That news was reported by CNBC. Meanwhile, investors await major news from the USA. The minutes of the US Federal Reserve’s latest meeting. Which may provide additional clarity on the course of the US regulator’s monetary policy.

Tokyo’s blue-chip benchmark Nikkei 225 advanced by 0.07 percent. The index was seen at 27,531.94 points. The Topix index rose 0.39% to 1999.71 points.

In China, Shanghai Composite rose 2.06% to 3,290.34 points. The Shenzhen index advanced 2.04% to 11,954.13 points.

The People’s Bank of China left key interest rates unchanged, meeting analysts’ expectations. The CSI 300 index advanced by 3.45%. This index tracks the trading of shares of the largest companies listed in Shanghai and Shenzhen.

Hong Kong’s Hang Seng gauge rose 0.81 percent to 20,886.96.

Real estate companies led gains in China, with Shenzhen-listed China Vanke up 2.75 percent. China Merchants Shekou Industrial Zone added 3.3 percent. Gemdale’s books reported a 3.24% price increase.

interest rates
Major Asian stock indexes at the end of regular trading on Monday (February 20)

The Hang Seng Mainland Properties Index advanced 2.99%. While the SSE Banks Index added 2.27%.

South Korea’s Kospi advanced 0.16% to 2,455.12 points.

Shares of Samsung Electronics gained 0.16 percent. While those of SK Inc. added 0.43% to their value.

Australia’s ASX 200 gauge rose 0.06% to 7,351.5 points. Investors await the minutes of the central bank’s latest meeting. Which, along with the Fed’s, will provide clarity on the regulators’ next moves for their monetary policy.

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