Asia-Pacific Markets Rise Despite Tech Stocks Drag, China to Impose Export Restrictions

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ECONOMY,CHINA,SOUTH KOREA

Asia-Pacific markets open higher on Friday, defying Wall Street's losses. China plans interest rate cuts and export restrictions on battery and mineral technology. South Korea's political uncertainty persists as arrest warrant is sought for impeached President Yoon Suk Yeol.

The People's Bank of China is reportedly planning interest rate cuts"at an appropriate time" this year, the Financial Times reported citing comments from the central bank. The country's 7-day reverse repo rate is currently set at 1.5%.

Asia-Pacific markets opened higher Friday, breaking ranks with Wall Street peers that ended lower on the first trading session of 2025, weighed down by tech stocks.Separately, China's commerce ministry plans to impose export restrictions on certain technology used to make battery components and for processing critical minerals like lithium and gallium, according to a

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