Asia markets mixed, China rises after PBOC holds rates, Japanese yen strengthens after ruling party’s defeat
Main Idea
Asia-Pacific markets showed mixed trading following actions by the People's Bank of China and trade developments from the White House.
Key Points
1. Asia-Pacific markets had mixed performance on Monday.
2. The People's Bank of China's actions influenced market movements.
3. Trade developments and tariff positions from the White House impacted trading.
Description
Asia-Pacific markets traded mixed on Monday after the People's Bank of China kept its loan prime rates unchanged. Investors were also considering recent trade developments and tariff positions from the White House. Investors also monitored trade developments after Commerce Secretary Howard Lutnick reiterated that August 1 is a “hard deadline” for tariff payments, while leaving the door open for continued negotiations. Gold prices hovered around $3,350 per ounce on Monday, with investors closely ...
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