KURE - Asia-Pacific stocks in red to the start of the week as traders are cautious ahead of BOJ decision
2023-12-18 03:06:59 ET
Japan ( NKY:IND ) -0.64% . Japan’s 10-year government bond yield fell below 0.70% as investors geared up for the Bank of Japan’s monetary policy decision this week.
China ( SHCOMP ) -0.40% . The People's Bank of China resumed injecting short-term cash through 14-day reverse repos for the first time since late September on Monday, as it steps up efforts to smoothen increasing year-end liquidity demand.
The country's central bank pumped a record amount of cash into the economy Friday by as much as CNY 800 billion, while also relaxing home-buying curbs in Beijing and Shanghai.
Market participants anticipated China's December fixing of benchmark lending rates on Wednesday, after keeping its 1-year loan prime rates at 3.45% for the third month in November.
Hong Kong ( HSI ) -1.10%.
India ( SENSEX ) -0.11%.
Australia ( AS51 ) -0.22%.
In the U.S. on Friday, all three major indexes ended mixed as markets assessed the latest economic data and how it may impact the Federal Reserve’s dovish projections from its meeting this week.
U.S. stock futures held steady on Monday as the three major averages came off a seven-week winning streak: Dow +0.05% ; S&P 500 +0.13% ; Nasdaq +0.04% .
Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ).
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Asia-Pacific stocks in red to the start of the week as traders are cautious ahead of BOJ decision