China, Hong Kong Weigh Asia Stocks

Stocks in Asia-Pacific mostly declined on Monday as China left its benchmark lending rate unchanged over the weekend.

In Japan, the Nikkei 225 regained 138.11 points, or 0.5%, to 30,156.03.

The Japanese yen traded at 105.69 per dollar, stronger than levels above 106 against the greenback seen in the middle of last week.

In Hong Kong, the Hang Seng tumbled 324.9 points, or 1.1%, to 30,319.83.

The Australian dollar changed hands at $0.7868 after a jump late last week from around $0.776. Earlier, the currency had risen to as high as $0.7908, its highest since early 2018.


In China, the CSI 300 stumbled 181.51 points, or 3.1%, to 5,597.33.

China kept the one-year loan prime rate (LPR) unchanged at 3.85%, largely in line with expectations of traders and analysts in an economist snap poll. The five-year LPR was also kept steady at 4.65%. The LPR is a lending reference rate set monthly by 18 banks.

In other markets

In Taiwan, the Taiex index recovered 68.78 points, or 0.4%, to 16,410.16.

In Singapore, the Straits Times index eked up 0.57 points to 2,881.21.

In Korea, the Kospi lost 27.97 points, or 0.9%, to 3,079.75.

In New Zealand, the NZX 50 staggered 122.39 points, or 1%, to 12,426,24.

In Australia, the ASX 200 slid 12.9 points, or 0.2%, to 6,780.89.