Asia Markets Rebound as China LPR Remains Stable

Asia-Pacific markets rebounded after a previous session of declines, with Hong Kong's Hang Seng index opening higher and China's CSI 300 falling slightly. Japan's Nikkei 225 briefly touched a 33-year high before recording a small loss. China's central bank kept its one-year and five-year loan prime rates unchanged for November, marking the third consecutive month of no changes. Analysts expect the rates to remain steady as commercial banks continue to lower effective lending rates. Shares of Alibaba tumbled after the company scrapped plans to spin off its cloud computing business. Oil prices bounced back after a recent selloff, and a record amount of options is set to expire, potentially injecting volatility into the market.