Asia Pacific stocks set to open mixed as investors await release of China's benchmark lending rate

Futures pointed to a mixed open for Japanese stocks while shares in Australia were set to trade lower.

The monthly fixing of China's loan prime rate is set to be released at around 9:30 a.m. HK/SIN on Wednesday, with little expectation for the benchmark lending rate to change, according to a Reuters survey of traders and analysts. Investors will watch for market reaction to a STAT News report released overnight that raised concerns about the trial results for a potential coronavirus vaccine from Moderna.

Stocks in Asia Pacific were set to open mixed on Wednesday as investors await the release of China's benchmark lending rate. Futures pointed to a mixed open for Japanese stocks. The Nikkei futures contract in Chicago was at 20,450 while its counterpart in Osaka was at 20,390. That compared against theMeanwhile, shares in Australia were set to decline. The SPI futures contract was at 5,491, as compared to theThe monthly fixing of China's loan prime rate is set to be released at around 9:30 a.m.

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