Asian stocks were generally buying-heavy. The People’s Bank of China lowered the interest rate.
Stocks in the Asia-Pacific region were mixed in Thursday trading as the People’s Bank of China cut interest rates.
The People’s Bank of China cut the benchmark loan main interest rates by 10 basis points and brought the interest rate to 3.7 percent.
In mainland China, indices remained in positive territory. The Shanghai Composite Index remained flat, while the Shenzhen index rose slightly. In Hong Kong, the index headed for gains of over 2 percent.
The Japanese Stock Exchange was also on the rise. Exports in the country exceeded expectations in December and increased by 17.5 percent compared to the same period of the previous year.
In South Korea, the stock market followed a buying weighted course. The Australian stock market is negative.
