China’s Shanghai, Shenzhen CSI 300 and Shanghai Composite indices lagged their regional counterparts on Tuesday, moving in a range of stable to declining.
The People’s Bank of China is set to make a decision on its benchmark interest rate for loans later this week, with economists expecting the rate to remain unchanged after its cut in October.
The interest rate decision also comes at a time when recent stimulus measures from China have been largely disappointing, while the economy has shown few signs of improvement. October inflation data showed that deflation remained.
Several senior Chinese ministers are scheduled to speak at a conference in Hong Kong on Tuesday, which could provide further signals about plans for stimulus measures.
Hong Kong’s Hang Seng Index fared slightly better, rising 0.4% thanks to gains in technology stocks.
But Xiaomi (OTC:XIACF) Corp (HK:1810) stock fell 2% after the tech giant’s emerging electric vehicle unit posted a loss in the third quarter even as overall profits rose.
