Latest: Asia Stock Market News
Shares slide on most Asian markets on Monday, as the dollar climbed, but shares rose in China after cuts in its benchmark lending rates
The plan being discussed by the two nations would enable the use of Russia's Mir cards at India ATMs and Point of Sale terminals, and India's RuyPay cards in Russia, said the report.
The onshore yuan opened at 6.82 per dollar and touched a low of 6.8308, the weakest level since Sept 2020, while its offshore counterpart fell to a near two-year low of 6.852
Some 25 out of 30 respondents in a snap poll predicted a 10-basis-point reduction in the one-year loan prime rate, which banks charge their best clients.
Asian stocks fell in China, Japan, South Korea and India, but rose in Australia.
Nomura lowered its China economic growth forecast, citing dismal July activity data, the lingering impact of the pandemic, and the worst heatwave in six decades.
Japan's Nikkei closed above 29,000 for the first time in seven months and China and Hong Kong stocks rose. South Korea was down.
Bridgewater Associates' Alibaba stake was valued at $813 million at the end of the first quarter, Nasdaq.com said. The world's largest hedge fund retains stakes in Baidu and Tencent Music.
HKEX has suffered a notable decline in listings and trading at its two Hong Kong exchanges from both China's economic slowdown, plus lingering geopolitical tension.
China stocks slipped and Tokyo was flat. Sydney and Mumbai both rose 0.6% while South Korea edged up 0.2%.
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