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10/20, 4:44 AM (Source: TeleTrader)
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Asia mostly lower after PBoC holds interest rates

Equities on Asian markets traded mostly lower on Tuesday after the People's Bank of China (PBoC) revealed it decided against adjusting its monetary policy. The central bank's one-year loan prime rate will remain unchanged compared to last month's data, standing at 3.85%. Meanwhile, the five-year loan prime was set at 4.65%, the same as it was in September.

Hong Kong's Hang Seng went 0.6% down at 4:38 am CET, while, on the Chinese mainland, the Shenzhen Composite traded 0.16% higher at 4:39 am CET, as the Shanghai Composite lost 0.35% at the same time.

Japan's Nikkei 225 decreased by 0.32% at 4:30 am CET, with the dollar trading 0.09% higher against the yen, going for ¥105.5380 at 4:42 am CET. At 4:42 am CET the Australian S&P/ASX 200 lost 0.48% and South Korea's Kospi Composite declined 0.97% a minute later.

Breaking the News / NL