Asia-Pacific markets rose Monday, ahead of Donald Trump’s presidential inauguration as investors awaited greater clarity on the policies of the incoming U.S. administration.
In Japan, the Nikkei 225 rushed ahead 451.04 points, or 1.2%, to 38,902.50.
In Hong Kong, the Hang Seng index popped 341.75 points, or 1.8%, to 19,925.81, its highest level since Dec. 31 before paring gains, lifted by the consumer cyclicals and health-care firms.
CHINA
China’s CSI 300 gained 17.34 points, or 0.5%, to 3,829.03, after China left its benchmark lending rates unchanged Monday.
The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%. The offshore yuan strengthened modestly to 7.3345 against the greenback, while the onshore yuan traded at 7.323 per U.S. dollar.
In other markets
In Singapore, the Straits Times index backtracked 2.81 points, or 0.1%. to 3,807.97
In Korea, the Kospi index slipped 3.5 points, or 0.1%, to 2,520.05.
In Taiwan, the Taiex index gathered 118.74 points, or 0.5%, to 23,266.82
In New Zealand, the NZX 50 subtracted 42.12 points, or 0.3%, to 13,088.31.
In Australia, the ASX 200 recovered 37.01 points, or 0.5%, to 8,347.39
