PT Solid Gold Berjangka | Asia markets rebound from Friday, ahead of China benchmark lending rate release

02:09 20 November in Market, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP

MSCI Asia Pacific Saham Asia

Solid Gold Berjangka | Asia-Pacific markets started the week higher after most major bourses ended lower in the previous session, while investors watched for changes to China’s benchmark lending rates.

The People’s Bank of China’s one-year loan prime rate — the peg for most household and corporate loans in China — is currently at 3.45%. The five-year benchmark loan rate — the peg for most mortgages — stands at 4.2%.

Hong Kong stocks led declines in Asia-Pacific on Friday, as shares of Alibaba plunged after the Chinese e-commerce giant said it would not proceed with the full spinoff of its cloud group.

Futures for Hong Kong’s Hang Seng index stood at 17,728, pointing to a higher open compared to the HSI’s close of 17,454.19.

Japan’s markets extended Friday’s gains, with the Nikkei 225 up by 0.12% and the Topix climbing 0.15%. The country will be watching for its October inflation figures on Friday.

South Korea’s Kospi rose 0.13%, while the small-cap Kosdaq saw a larger gain of 0.35%.

In Australia, the S&P/ASX 200 edged 0.18% higher.

Source: CNBC,PT SGB, Solid Group,Solid Gold Berjangka