Global Markets Today: Asian markets opened higher on Monday, following Wall Street’s Friday rally, as investors awaited China’s key lending rate announcement due later in the day.
According to reports, China is likely to keep its loan prime rates unchanged, after the central bank recently held a key interest rate steady, even as the U.S. Federal Reserve cut rates by 25 basis points.
Japan’s Nikkei 225 rose 0.74 per cent at the open, while the Topix gained 0.58 per cent. South Korea’s Kospi was up 0.71 per cent in early trade, with the Kosdaq advancing 0.7 per cent.
Meanwhile, Australia’s S&P/ASX 200 climbed 0.49 per cent. Hong Kong’s Hang Seng Index was expected to open flat, with futures at 26,535 compared to the prior close of 26,545.1.
(This is a developing story)
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