A Chinese flag flies high over The Bund.
Liu Liqun | Corbis Documentary | Getty Images
Asia-Pacific markets opened mixed Monday as investors awaited China’s rate decision at a time when the yuan has come under pressure due to Beijing-Washington trade tensions.
Japan’s benchmark Nikkei 225 fell 1.16%, while the broader Topix index lost 1.24%.
In South Korea, the Kospi index increased 0.14% while the small-cap Kosdaq moved up 0.13%.
Over in China, the People’s Bank of China kept its key loan prime rates unchanged at 3.10% for 1-year loan maturities and 3.60% for 5-year loan maturities, in line with the expectations of economists polled by Reuters.
Australian and Hong Kong markets were closed for the Easter holiday.
— CNBC’s Sean Conlon contributed to this report.
