April 22, 2024

04:30

04:30
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Asia markets rebound after Friday's sell-off
Asia-Pacific markets are rebounding after Friday's sell-off, and they are now all in the green: the Nikkei in Japan is up 0.34%, the Kospi in South Korea is up 0.77% and Hang Seg as much as 1.8%.
That's also as China's one-year and five-year loan prime rates were left unchanged at 3.45% and 3.95%. The five-year LPR acts as the peg for most property mortgages.
On Friday, markets in the region tumbled after Israel launched a strike at Iran, causing stocks to fall and safe-haven assets to spike.
Investors are also looking to fresh data points out of China, Japan and South Korea this week.
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