{"id":113763,"date":"2021-02-22T00:21:20","date_gmt":"2021-02-22T00:21:20","guid":{"rendered":"https:\/\/precoinnews.com\/?p=113763"},"modified":"2021-02-22T00:21:20","modified_gmt":"2021-02-22T00:21:20","slug":"asia-stocks-rise-china-keeps-benchmark-lending-rate-unchanged","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/asia-stocks-rise-china-keeps-benchmark-lending-rate-unchanged\/","title":{"rendered":"Asia stocks rise; China keeps benchmark lending rate unchanged"},"content":{"rendered":"<ul>\n<li>The one-year loan prime rate (LPR) in China was left unchanged at 3.85%, largely in line with expectations of traders and analysts in a Reuters snap poll.<\/li>\n<li>The five-year LPR was also kept steady at 4.65%.<\/li>\n<\/ul>\n<p>SINGAPORE \u2014 Stocks in Asia-Pacific rose in Monday morning trade as China left its benchmark lending rate unchanged over the weekend.<\/p>\n<p>In Japan, the Nikkei 225 gained 1.03% in early trade, with shares of conglomerate Softbank Group surging more than 2%. The Topix index gained 0.94%. South Korea&#x27;s Kospi also traded 0.25% higher.<\/p>\n<p>Meanwhile, shares in Australia were little changed in morning trade as the S&amp;P\/ASX 200 was largely flat.<\/p>\n<p>MSCI&#x27;s broadest index of Asia-Pacific shares outside Japan traded 0.11% higher.<\/p>\n<p>China kept the one-year loan prime rate (LPR) unchanged at 3.85%, largely in line with expectations of traders and analysts in a Reuters snap poll. The five-year LPR was also kept steady at 4.65%.<br \/>The LPR is\u00a0a lending reference rate set monthly by 18 banks.<\/p>\n<table><\/table>\n<h2>Currencies<\/h2>\n<p>The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.29 after a recent decline from above 90.9.<\/p>\n<p>The Japanese yen traded at 105.52 per dollar, stronger than levels above 106 against the greenback seen in the middle of last week. The Australian dollar changed hands at $0.7881, the highest since March 2018, after a jump late las week from around $0.776.<\/p>\n<p><em>Subscribe to\u00a0<\/em><em>CNBC PRO<\/em><em>\u00a0for exclusive insights and analysis, and live business day programming from around the world.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/02\/22\/asia-markets-china-loan-prime-rates-currencies-oil.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The one-year loan prime rate (LPR) in<\/p>\n","protected":false},"author":3,"featured_media":113762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asia stocks rise; China keeps benchmark lending rate unchanged - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/asia-stocks-rise-china-keeps-benchmark-lending-rate-unchanged\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia stocks rise; 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