SINGAPORE — Shares in Asia-Pacific mostly fell in Friday trade as China left its benchmark lending rate unchanged.
China’s one-year loan prime rate (LPR) and five-year LPR were both left unchanged at 3.85% and 4.65%, respectively, on Friday. That was in line with expectations of majority of traders and analysts in a snap poll, according to Reuters.
The Nikkei 225 in Japan fell 0.74% in morning trade while the Topix index shed 0.5%.
That came following Toyota’s Thursday announcement that it will slash global production for September by 40% from its previous plan, Reuters reported. Shares of Toyota plunged more than 4% on Thursday after the Nikkei first reported on the firm’s plan.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.73% lower.
Overnight stateside, the S&P 500 gained about 0.13% to 4,405.80 while the Nasdaq Composite advanced 0.11% to 14,541.79. The Dow Jones Industrial Average lagged, slipping 66.57 points to 34,894.12.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.521 following its climb earlier this week from below 93.
The Japanese yen traded at 109.76 per dollar, stronger than levels above 110 seen against the greenback yesterday. The Australian dollar changed hands at $0.7141, having declined from above $0.728 earlier in the week.