Asian markets rally, China LPR unchanged

Investors look at computer screens displaying stock price figures in a stock market hall.

Jiang Sheng | Visual China Group | Good pictures

Asia-Pacific markets started the week higher after most major equities ended lower in the previous session, while China left its key lending rates unchanged.

The People’s Bank of China’s one-year lending prime rate — the peg for most household and corporate loans in China — is 3.45%. The five-year benchmark lending rate — the peg for most mortgages — was 4.2%.

Hong Kong shares fell in Asia-Pacific on Friday Ali Baba The Chinese e-commerce giant slumped after it said it would not proceed with a full spinoff of its cloud group.

Hong Kong’s Hang Seng index opened 0.8% higher, while China’s CSI 300 fell 0.3%.

Japan’s markets struggled to extend Friday’s gains Nikki 225 The Bottom was down 0.11% and the Topix was down 0.34%. Investors will look to Japan’s October inflation figures on Friday.

South Korea’s KOSPI rose about 0.5%, while the small-cap KOST saw a big gain of 1.3%.

In Australia, the S&P/ASX 200 The flatline was near.

Friday, the S&P 500 Finished high and the red-hot clinched its third straight week amid a November rally.

The broader index added 0.13%. The Dow Jones Industrial Average The day ended 0.01% higher Nasdaq Composite increased by 0.08%.

Major US indices hit third positive week. The S&P 500 added 2.2%, while the Nasdaq rose 2.4%. The Dow ended the week with a 1.9% advance. It was the first three-week win for the Dow and S&P 500 since July, and the first since June for the Nasdaq.

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— CNBC’s Lisa Kailai Hahn and Brian Evans contributed to this report

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