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 0.43% at the start of the day, while the broader Topix index lost 0.35%.
In South Korea, the Kospi index increased 0.11% at the open while the small-cap Kosdaq was flat.
Investors will be keeping a watch on the People's Bank of China's loan prime rate verdict, expected later in the day.
Australian and Hong Kong markets were closed for the Easter holiday.
Investors are focused on U.S. President Donald Trump's trade policies, as they continue to roil global markets.
Last week, Trump called for the U.S. Federal Reserve to cut interest rates while adding that the termination of Fed Chair Jerome Powell "cannot come fast enough." Trump's comments came after Powell cautioned that ongoing trade tensions could challenge the central bank's goals of controlling inflation and spurring growth.
U.S. futures fell after all three major benchmarks logged their third weekly decline, in the last four trading weeks.
The broad-based S&P 500 ended Thursday's session higher, but still finished the holiday-shortened week 1.5% lower.
Meanwhile, the Dow Jones Industrial Average and Nasdaq Composite posted their third consecutive losing session, each declining over 2% in the four-day trading week.
Source: Cnbc
Stocks in the US closed near the flatline on Friday as investors weighed President Trump's push for higher tariffs on the European Union against strong economic data and corporate earnings. The S&...
The S&P 500 briefly touched an all-time high before hovering flat in the afternoon session, while the Nasdaq dipped 0.2% as investors weighed strong economic data against latest batch of corporate...
The S&P 500 rose 0.2% and the Nasdaq gained 0.4% on Friday (July 18), extending gains after both indexes closed at record highs the previous day. Meanwhile, the Dow Jones Industrial Average hovere...
The STOXX 50 gained 0.4% and the STOXX 600 rose 0.3% on Friday, as investors closely monitored corporate earnings and news, while staying on edge for any signs of progress in trade negotiations betwee...
Australian equities notched a record high as Asia-Pacific markets tracked Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings. Aus...
Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from...
Stocks in the US closed near the flatline on Friday as investors weighed President Trump's push for higher tariffs on the European Union against strong economic data and corporate earnings. The S&P 500 and Nasdaq 100 finished mostly muted near...
Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the U.S. central bank if asked by President Donald Trump, but so far Trump has not contacted him about it. "In...
The Producer Price Index (PPI) for final demand in the US rose 2.3% annually in June, according to data published by the US Bureau of Labor...
The U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of...
Unemployment claims fell 7,000 to 221,000 in the week ending July 12, compared with the median estimate of 233,000, according to Labor Department...
Asia-Pacific markets fell after U.S. President Donald Trump said Tuesday that he had struck a preliminary trade agreement with Indonesia, which will...