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4/20, 7:28 AM (Source: TeleTrader)
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Asia-Pacific mixed as PBOC keeps interest rates

Major stock markets in the Asia-Pacific region traded mixed on Tuesday after news that the Chinese central bank decided to leave key interest rates unchanged at the latest policy meeting.

The previous day was also marked by a new partnership between Moscow and Beijing on the production of an additional 100 million Sputnik V COVID-19 vaccine doses per year in China. Market analysts also insisted that a major policy shift could be coming after China's central bank called Bitcoin an "investment alternative."

In mainland China, the Shanghai Composite gained 0.47% and the Shenzhen Composite rose 0.74% at 7:07 am CET, while Hong Kong's Hang Seng climbed 0.09% at 7:23 am CET. Japan's Nikkei plunged a significant 2.13% or 630 points at 7:24 am CET, as the dollar stood flat against the yen at 108.1850. Finally, the Kospi Composite advanced 0.40% a minute later, while the S&P/ASX 200 lost 0.67%.

Breaking the News / ND