Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
Markets in Asia apart from Shanghai’s are broadly higher, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020
By ELAINE KURTENBACH
Published - Apr 22, 2024, 12:03 AM ET
Last Updated - Apr 22, 2024, 07:48 AM EDT
Markets in Asia apart from Shanghai's were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020.
Oil prices fell while U.S. futures advanced.
Hong Kong's Hang Seng led the region, gaining 1.6% to 16489.08. But the Shanghai Composite index shed 0.5% to 3,050.89 after the People's Bank of China kept its 1-year and 5-year loan prime rates unchanged.
Tokyo's Nikkei 225 added 0.4% to 37,219.47 and the yen weakened further. The U.S. dollar rose to 154.69 yen from 154.59 yen, trading at levels not seen since 1990.