Workers at the construction site of resettlement housing in Huai 'an city, Jiangsu province, China, June 17, 2024.
Cfoto | Future Publishing | Getty ImagesAsia-Pacific markets started the day mixed as investors awaited China's one- and five-year loan prime rates.
The one-year loan prime rate serves as a benchmark for most corporate and household loans, while the five-year rate serves as a peg for property mortgages.
The one-year LPR currently stands at 3.45%, while the five-year LPR is at 3.95%.
Japan's Nikkei 225 and the broad-based Topix started the day with losses of 0.28% and 0.12%, respectively.
Persons:
Huai, LPR, Korea's Kospi, Topix, Australia's
Organizations:
Getty, People's Bank of China, Nikkei, Reuters
Locations:
Jiangsu province, China, Asia, Pacific