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China stocks erase losses as central bank hold rates
05:47
Asia Pacific
China stocks erase losses as central bank hold rates
Chinese stocks are erasing losses from earlier today, after the central bank left its medium-term policy loans rate unchanged, in a surprise move. Taiwan stocks are rising as well, after voters handed the ruling Democratic Progressive Party a third-straight presidential term. The Taiwan Weighted Index is up 0.2%, and Taiwan Semiconductor Manufacturing (TSMC), the world's biggest contract chipmaker, is up 0.7% Analysts though warn that the new president-elect Lai Ching-te is to face "lots of headwinds in the days and the years to come, as he is considered a die-hard separatist in the eyes of mainland China".
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