Tokyo, Japan – July 27: Pedestrians and shopkeepers pass through the Akihbara region in Tokyo, Japan on July 27, 2023. Japan’s main consumer price index rose by 3.3% in June, beating the US figure for the first time in eight years, the Bank of Japan holds its monetary policy meeting on 27 and 28 July. (Photo by Tomohiro Ohsumi/Getty Image)
Tomohiro Ohasumi | Getty Image News | Getty images
The Asia-Pacific markets did more business on Monday, monitoring the benefits of Wall Street on Friday states, as investors waited for China’s major lending rate, which is going to happen today.
According to Reuters Poll, China is expected to leave loan prime rates unchanged. This came when the central bank kept the important interest rate stable after the US Federal Reserve reduced its rates from 25 basis points.
Japan benchmark Nikkei 225 The index increased 0.74% in the open, while the topics index increased 0.58%.
South Korean Kopy In the initial trading, the index added 0.71%, while the small-cap cosedack was 0.7% higher.
Australia’s ASX/S & P 200 0.49%.
Hong Kong Hang Seng Index The flat was set to open, its futures were last traded at 26,535 with contracts, compared to the index’s previous shutdown of the previous 26,545.1.
The American equity futures had changed slightly in the early Asian hours after a strong week for the major average. Dow Jones Industrial Average and S&P 500 closed the fresh all -time high as the Fed rate cut.
According to the CME Fedwatch Tool, there are two more quarterly-point cuts between the end of the year and the end of the year.
On Friday states, Dow jones industrial average To close at 172.85 points, or 0.37%, 46,315.27, a fresh record reached high. S&P 500 0.49% settled at 6,664.36, while Nasdac Composite Advanced 0.72% to end at 22,631.48.
– CNBC’s Sara Min, Piya Singh and Alex Harring contributed to this report.
