Global markets today: Nikkei to Hang Seng, Asian markets mixed on trade tensions; China loan prime rate decision eyed | Stock Market News

Asian markets traded mixed on Monday ahead of China’s interest rate decision amid cautiousness over the US-China trade tensions.

Japan’s Nikkei 225 declined 0.43% at open, while the Topix index lost 0.35%. South Korea’s Kospi index rose 0.11%, while the Kosdaq was flat.

Hong Kong and Australian markets are closed for the Easter holiday.

Investors will watch out for the People’s Bank of China’s loan prime rate verdict, expected later in the day. US President Donald Trump’s trade policies will also be eyed, as they continue to roil global markets.

US Stock Market

US stock market closed higher on Thursday amid progress in US trade negotiations with Japan. US markets were shut on Friday.

The Dow Jones Industrial Average declined 1.33% to 39,142.23, while the S&P 500 gained 0.13% to end at 5,282.70. The Nasdaq closed 0.13% lower at 16,286.45.

For the shortened trading week, the S&P 500 fell 1.5%, the Nasdaq lost 2.6% and the Dow declined 2.7%.

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