A Chinese flag flies high over The Bund.
Liu Liqun | Corbis Documentary | Getty Images
Asia-Pacific markets fell Monday as China’s central bank held rates at a time when the yuan has come under pressure due to Beijing-Washington trade tensions.
Japan’s benchmark Nikkei 225 fell 1.14%, while the broader Topix index declined 1.15%.
In South Korea, the Kospi index edged down 0.1% while the small-cap Kosdaq dropped 0.15% in choppy trade.
Mainland China’s CSI 300 started the day flat after the People’s Bank of China kept its key loan prime rates unchanged at 3.10% for 1-year loan maturities and 3.60% for 5-year loan maturities, in line with the expectations of economists polled by Reuters.
Australian and Hong Kong markets were closed for the Easter holiday.
— CNBC’s Sean Conlon contributed to this report.
