Shares in Asia-Pacific rise as investors await release of China’s benchmark lending rate; oil jumps 2%

Shares in Asia-Pacific rise as investors await release of China’s benchmark lending rate; oil jumps 2%


SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade, as investors look ahead to the release of China’s latest benchmark lending rate. Oil prices also jumped more than 2%.

The S&P/ASX 200 gained 0.41%, with shares of Macquarie Group and Wesfarmers both up more than 1% each.

South Korea’s Kospi hovered fractionally higher. Markets in Japan are closed on Monday for a holiday.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.04% lower.

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 2.16% to $110.26 per barrel. U.S. crude futures climbed 2.4% to $107.21 per barrel.

China’s latest one-year loan prime rate is set to be out at 9:15 a.m. HK/SIN on Monday, with little expectations for change, according to a Reuters survey.

Investors in Asia will also monitor moves in the Hong Kong market on Monday, with the city’s benchmark Hang Seng index finishing more than 4% higher last week following a volatile week which swung between big gains and losses.

Stock picks and investing trends from CNBC Pro:

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 98.303 — off levels above 98.5 seen recently.

The Japanese yen traded at 119.25 per dollar following its weakening last week from levels below 118.2 against the greenback. The Australian dollar changed hands at $0.7409, as compared with levels below $0.721 seen last week.



Source

Polish conservative Nawrocki leads presidential vote
World

Polish conservative Nawrocki leads presidential vote

Karol Nawrocki casts his ballot in Warsaw, Poland on 1 June, 2025. Nurphoto | Nurphoto | Getty Images Eurosceptic Karol Nawrocki established a lead in Sunday’s presidential election in Poland, late exit polls showed, with the ballot seen as a test of the nation’s support for a pro-European course versus Donald Trump-style nationalism. A late exit poll by Ipsos […]

Read More
6 advocates for Israeli hostages in Gaza injured in fire attack in Colorado
World

6 advocates for Israeli hostages in Gaza injured in fire attack in Colorado

An attack on marchers promoting awareness of Israeli hostages in Gaza is an act of terrorism that injured 6 people, federal authorities said Sunday evening in Boulder, Colorado. A suspect was arrested at the scene. Witnesses told authorities he had shouted “Free Palestine,” while using an incendiary device to throw flames at the demonstrators. The […]

Read More
CNBC Daily Open: Playing “chicken” in markets can be a risky affair
World

CNBC Daily Open: Playing “chicken” in markets can be a risky affair

US President Donald Trump speaks during a visit to US Steel – Irvin Works in West Mifflin, Pennsylvania, May 30, 2025. Saul Loeb | AFP | Getty Images When threatened, birds puff up their feathers to appear larger than they actually are, and squawk to signal aggression. On Friday, U.S. President Donald Trump suggested he […]

Read More