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Melbourne city centre skyline along the Yarra River.
Ring Photos | World Image Collection | Getty Images
Asia-Pacific markets were mostly higher on Tuesday, tracking Wall Street's overnight rise, while investors also assessed the minutes of the Reserve Bank of Australia's latest meeting.
The area was led by Japan. Nikkei 225 IndexThe broader Topix index rose 1.11% to close at 2,670.54, supported by utilities and healthcare stocks.
China's benchmark lending rates were fixed at 3.35% for one-year lending bonds and 3.85% for five-year lending bonds, Consistent with expectations From a Reuters poll of economists.
The one-year mortgage rate is the benchmark for most business loans, while the five-year mortgage rate is the benchmark mortgage rate.
Minutes from the Reserve Bank of Australia's August meeting were released on Tuesday. At the meeting, the bank left its benchmark cash rate on hold at 4.35%, but noted that inflation remained “above target” and “proved persistent.”
The Central Bank said in its statement: The council members considered raising interest rates, but decided to leave it unchanged because the flow of data since the previous meeting “was not sufficient to justify a change in the stance of monetary policy.”
However, the RBA warned that interest rates were “unlikely” to be cut in the near term, adding that “it is not possible to judge or rule out future changes to the target of cash rates”.
South Korea Cosby The Tokyo Stock Exchange's 500 Index rose 0.83% to close at 2,696.63, while the smaller-cap Kosdaq Index gained 1.28% to close at 787.44.
The country's consumer confidence index fell to 100.8 in August from a two-year high of 103.6, according to South Korean media. Yonhap News Agency reported that This was due to the “economic recession in the United States and the subsequent collapse of the stock market.” A number over 100 indicates that there are more optimists than pessimists.
Australia's S&P/ASX 200 rose 0.22% after the RBA statement, closing at 7,997.7 points. The index briefly crossed the 8,000-point mark during the session, the first time since the Asian crash on August 2.
However, Hong Kong Hang Seng Index China's benchmark index fell 0.48%, while the CSI 300 index fell 0.67%.
Real estate company shares Kaisa It fell 1.9% to 10.15 Hong Kong cents after jumping 14%. The company announced A Debt Restructuring AgreementIt consists of a $5 billion senior bond issue and $4.8 billion mandatory convertible bonds.
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