Asia stocks poised to trade higher with China set to release its loan prime rate

The People's Bank of China is set to release its loan prime rate as the country grapples with the economic impact of an ongoing coronavirus outbreak.

Futures pointed to a higher open for Japanese stocks, while shares in Australia edged up in early trade.Investors will await the release of the PBoC's loan prime rate, set to be out around 9:30 a.m. HK/SIN.widely expected to cut its loan prime rate as the country grapples with the economic impact of an ongoing coronavirus outbreak.

Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,590 while its counterpart in Osaka was at 23,600. That compared against the

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stock futures retreat, Asia dips after Apple warns on virus impactU.S. stock futures slipped from record levels on Tuesday after Apple Inc said it...
Read more »

Asia markets set to trade mixed after Apple issues revenue warning on coronavirus impactApple suppliers in Asia will be watched, as the tech giant warned it may not meet its quarterly revenue forecast because of lower iPhone supply globally and lower Chinese demand as a result of the coronavirus outbreak.
Read more »

Erika North Joins Amazon Studios in Asia (EXCLUSIVE)Seasoned Asian TV production executive, Erika North has joined Amazon as head of Asia-Pacific Originals at Amazon Studios. North’s LinkedIn profile was updated to show her new status since Fe…
Read more »