Asia-Pacific Markets Show Positive Trend Amid Economic Developments

During Monday's afternoon session, the majority of stock markets in the Asia-Pacific region experienced gains. This upward movement followed the People's Bank of China (PBoC)'s announcement to maintain its current interest rates, signaling stability in the region's largest economy. Concurrently, South Korea is actively participating in trade negotiations with the United States, highlighting the ongoing global trade dialogues.

Market Performances Across the Region

At 7:20 am CET, Hong Kong's Hang Seng saw a modest increase of 0.12%, while South Korea's Kospi Composite rose by 0.53%. In contrast, Australia's S&P/ASX 200 faced a decline of 1.22%. Mainland China's markets showed positive trends, with the Shanghai Composite up by 0.50% and the Shenzhen Composite advancing by 0.49%. Notably, Japan's Nikkei 225 was closed in observance of Marine Day.

Currency Movements

The US dollar experienced a slight decrease against the yen, trading 0.35% lower at 7:18 am CET, with a rate of ¥148.31750.