Equities on Asian markets traded mostly lower on Tuesday after the People's Bank of China (PBoC) revealed it decided to adjust its monetary policy setting in June. The central bank's one-year loan prime rate will be lowered by 10 basis points compared to last month's data, standing at 3.55% and its five-year loan prime was set at 4.20%, also 10 basis points lower.
In mainland China, the Shanghai Composite decreased by 0.37% at 4:28 am CET, with the Shenzhen Composite falling 0.11% a minute later. At 4:30 am CET, South Korea's Kospi decreased by 0.38%, Hong Kong's Hang Seng by 1.31% and Japan's Nikkei 225 by 0.62%. Australia's S&P/ASX 200 added 0.46% at 4:31 am CET, as the dollar went 0.24% down against the yen, going for ¥141.6490.
