Workers work at a relocation housing construction site in Huai’an, Jiangsu Province, China, on June 17, 2024.
Photo | Future Publishing | Getty Images
Asia Pacific markets started the day mixed as investors awaited China’s one- and five-year prime mortgage rates.
The one-year prime rate serves as the benchmark for most business and household loans, while the five-year rate serves as the benchmark for real estate loans. The one-year LPR is currently 3.45% and the five-year LPR is 3.95%.
| Ticker | company | name | price | change | %change |
|---|---|---|---|---|---|
| .N225 | Nikkei Stock Average | Nikkei | 38,298.80 | -271.96 | -0.71% |
| .HSI | Hang Seng Index | HSI | 18,430.39 | united nations | united nations |
| .AXJO | S&P/ASX 200 | ASX 200 | 7,768.50 | -1.20 | -0.02% |
| .SSEC | Shanghai | Shanghai | 3,017.27 | -0.78 | -0.03% |
| .KS11 | KOSPI Index | Korea Composite Stock Price Index | 2,801.85 | +4.52 | +0.16% |
| .FTFCNBCA | CNBC 100 Asia IDX | CNBC 100 | 9,841.00 | -34.65 | -0.35% |
South Korea’s KOSPI rose 0.06%, while the small-cap KosDag added 0.04%.
Japan’s Nikkei and Tokyo Stock Price Indexes began the day down 0.28% and 0.12%, respectively.
Australia’s S&P/ASX 200 was slightly lower.
New Zealand’s economy has emerged from a technical recession, growing 0.2 percent quarter-on-quarter in the first three months of the year, beating expectations of 0.1 percent growth in a Reuters poll. Year-on-year, the economy grew 0.2 percent.
Hong Kong Hang Seng Index futures were at 18,391, below the HSI’s last closing price of 18,430.39.
