#USChinaTensions China’s gross domestic product grew 5.4% in the first quarter of 2025. However, a trade battle with the United States and concerns over the yuan’s depreciation could have narrowed policymakers’ room to maneuver.

Against this backdrop, regional markets showed a mixed reaction on Monday. Mainland China’s CSI 300 index edged up 0.33% following the rate decision. Conversely, Japan’s Nikkei 225 fell 1.30%, and the Topix index declined 1.59% in late Asian trading hours. 

South Korea’s Kospi had a small uptick of 0.22%, while the small-cap Kosdaq dipped 0.32%. India’s Nifty 50 gained 1.39%, and the BSE Sensex added 1.36%.

Markets in Hong Kong and Australia were closed for the Easter holiday.