Tiananmen, Gate of Heavenly Peace, Beijing
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Japanese stocks led gains in Asia-Pacific markets on Monday as technology stocks rose on expectations that China would keep its loan prime rate unchanged.
of Nikkei Stock Average It hit a 34-year high, trading at 36,438, last up about 1.3%. TOPIX rose 0.73%. Asian tech stocks were boosted by optimism on Wall Street. S&P500 It surpassed Friday’s all-time high.
The Bank of Japan will also begin a two-day monetary policy meeting and announce its monetary policy decision on Tuesday.
Later in the week, Japan will release its December trade balance on Tuesday and Tokyo’s January inflation figures on Friday.
The U.S. Broad Market Index rose 1.23% to settle at 4,839.81, surpassing both its intraday and closing highs since January 2022.
of Dow Jones Industrial Averagewhich hit its own high at the end of last year, increased by 1.05%. Nasdaq Composite Increased by 1.70%.
The People’s Bank of China kept the one-year and five-year loan prime rates unchanged at 3.45% and 4.2%.
China’s CSI300 index opened 0.11% lower, while Hong Kong’s Hang Seng index opened 0.3% lower.
In Australia, S&P/ASX 200 The stock started the week up 0.60%, extending its gains from Friday.
Korean Kospi The small-cap Kosdaq fell 0.33%, but remained unchanged.
South Korea will also release gross domestic product statistics for the fourth quarter of 2023 on Wednesday.
—CNBC’s Hakyung Kim and Lisa Kailai Han contributed to this report