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IMF downgrades China LPR for growth forecast for 2021 in Asia

Singapore — The Asia-Pacific stocks rose in trading on Wednesday morning after rising overnight on Wall Street as the S & P 500 recorded its fifth straight rise.

Japanese Nikkei 225 The Tokyo Stock Price Index rose 0.63%, while early trading rose 0.72%.Korean KOSPI It increased by 0.52%.

Australia’s share is S & P / ASX 200 Increases by 0.91%.

MSCI’s widest non-Japanese Asia Pacific stock index traded 0.29% higher.

Investors then monitor the movement of real estate space in China Reuters reported on Tuesday Developer suffering from that debt China Evergrande Shelving plans to sell a majority stake in the real estate services business.

Going forward, China will announce the latest benchmark lending rates in Hong Kong / SIN Wednesday at 9:30 am. In a Reuters poll, the majority of traders and analysts expect that both the one-year loan prime rate (LPR) and the five-year LPR will remain unchanged.

International Monetary Fund on Tuesday Significant reduction in 2021 Asian economic growth forecast, We expect the region to grow 6.5% this year. This is in comparison to the IMF’s April 7.6% expansion forecast.

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Overnight, the S & P 500 rose 0.74% to 4,519.63, and the Dow Jones Industrial Average rose 198.70 points to 35,457.31. The Nasdaq Composite Index rose 0.71% to 15,129.09.

currency

NS USD indexTracking the greenback against the baskets of other companies in the same industry was 93.807, following a recent bounce from less than 93.6.

NS JPY It traded at 114.52 per dollar, weaker than the level below 114 seen against yesterday’s greenback. NS Australian dollar I changed my hand at $ 0.7475 following yesterday’s rise from below $ 0.745.

IMF downgrades China LPR for growth forecast for 2021 in Asia

Source link IMF downgrades China LPR for growth forecast for 2021 in Asia

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