Stocks in Asia were seen traded mixed after the Japanese Prime Minister Shinzo Abe won the upper-house elections on Sunday, as China‘s central bank decide to liberalize interest rates .
Hong Kong’s Hang Seng dropped 0.16% to 21, 3328.35 at the time of writing, while the Chinese Mainland Shanghai Composite declined 0.23% to 1,988.08 at the same time.
The Nikkei 225 rose 0.47% higher at 14,658.04 at the time of writing, while the broader Topix closed at 0.38% high at 1,216.53 at the same time.
Australia’s S&P/ASX 200 gained 0.51% high, closing at 4,997.40, while the South Korean Kospi closed 0.48% higher to 1,880.35.
Over the weekend, the Prime Minster Shinzo Abe won the majority of the seats in the upper-house election, handing over the control over both houses to Abe, which will support his efforts to restore the country’s economy.
Shares in China were seen dropping, following the announcement of the People’s Bank of China (PBoC) , loosening the rules of lending, with a low bench-mark rate.
“This will support the real economy and improve economic restructuring and upgrading,” the PBoC representative said in a statement.
In Japan, Sony Financial was seen 3.18% higher, while Mitsubishi declined 4.10%.
In Hong Kong, the Chinese Resources Power rose 5.46%, while the coal miner China Shenhua Energy lost 3.90%.
In Australia, contracting company Leighton Holdings gave up 4.88%.
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