Mon. Dec 5th, 2022

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Asia-Pacific stocks mixed

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Asia-Pacific stocks

Stocks in Asia-Pacific traded mixed on Monday, as the coronavirus situation in parts of North Asia remains serious.

Mainland Chinese stocks were higher, with the Shanghai composite up 0.66% while the Shenzhen component was higher by 1.497%.

China on Monday kept its Loan Prime Rates unchanged, in line with expectations from analysts and traders in a recent Reuters poll. The one-year and five-year LPR were kept at 3.85% and 4.65%, respectively.

Hong Kong’s Hang Seng index declined slightly. Hong Kong-listed shares of China’s largest chipmaker SMIC dropped more than 2% after the firm was recently added to the U.S. Commerce Department’s entity list, limiting its ability to access certain U.S. technology.

In Japan, the Nikkei 225 dipped 0.29% while the Topix index shed 0.49%. South Korea’s Kospi was 0.16% higher.

Shares in Australia declined, with the S&P/ASX 200 down fractionally.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded little changed.

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