Asia trades lower after China's central bank holds rates
Equities on Asian markets traded lower after the People's Bank of China (PBoC) revealed it decided against adjusting its monetary policy in September. The central bank's one-year loan prime rate will remain unchanged compared to last month's data, standing at 3.45% and its five-year loan prime will remain at 4.20%. Market participants also await the monetary policy decision from the United States Federal Reserve, set to be revealed later in the day.
Hong Kong's Hang Seng lost 0.55% at 5:12 am CET. At the same time in mainland China, the Shanghai Composite traded 0.27% lower, with the Shenzhen Composite down by 0.25% a minute later. Japan's Nikkei 225 decreased by 0.36% at 4:35 am CET.
At 5:13 am CET, the dollar traded 0.02% lower against the yen, going for ¥147.8335, as South Korea's Kospi Composite stood flat and Australia's S&P/ASX 200 lost 0.50%.