Fun

Asian Stocks Mixed as Bank of Japan Hints at New Stimulus Measures in October

News Feed - 2019-09-19 12:09:42

Stocks in the Asia Pacific region diverged on Thursday, as investors assessed the Bank of Japan"s (BOJ) latest policy decision, which maintained the status quo on a long-running stimulus program designed to boost growth and inflation. Asian Stock Markets Diverge


Japanese stocks were the clear-cut winners on Thursday, as investors dissected new developments around monetary policy from around the world. The benchmark Nikkei 225 in Tokyo rose 1% to 22,183.53, where it was on track for its highest settlement in four months. Japan"s benchmark Nikkei 225 has gained 7.5% over the past month. | Chart: Yahoo Finance


Mainland China"s CSI 300 Index rallied 0.2%. The ASX 200 Index, Australia"s benchmark, rose 0.6%.


Hong Kong markets were down more than 1%, while the MSCI AC Asia Pacific edged down 0.1%. BOJ Keeps Policy on Hold The Bank of Japan kept monetary policy on hold Thursday, but signaled changes could be coming as early as October. | Image: REUTERS/Kim Kyung-Hoon/File Photo


Officials at the BOJ voted on Thursday to maintain short-term interest rates at -0.1% and the 10-year government bond yield at zero. The decision was widely predicted by analysts.


In keeping policy on hold, the central bank signaled the possibility of new stimulus measures as early as October.


From the official statement: “The BOJ judges that it is becoming necessary to pay closer attention to the possibility that the momentum towards achieving its price target will be lost."


It added: “Taking this situation into account, the BOJ will re-examine economic and price developments at its next policy meeting, when it updates the outlook for economic activity and prices,” it said.


Central banks will remain in focus later in the day, with the Bank of England (BOE) set to announced its interest rate decision. Like the BOJ, the British central bank is widely expected to stand pat on monetary policy. U.S. Stock Futures Tumble


The Dow and S&P 500 narrowly avoided losses on Wednesday following the Federal Reserve"s decision to lower interest rates for the second time in as many meetings. Futures on the main equity gauges declined in overnight trading, pointing to a rocky open on Wall Street.


Futures on the Dow Jones Industrial Average (DJIA) were last down 46 points, or 0.2%, according to Bloomberg. S&P 500 futures contracts fell 0.2%. Futures on the technology-laden Nasdaq declined 0.4%. This article was edited by Sam Bourgi. Last modified (UTC): September 19, 2019 3:28 AM

News Feed

Claim Your First NFT Top-Level Domain for Web3 on Quik․com
Claim Your First NFT Top-Level Domain for Web3 on Quik․com sponsored NFT domainsenable users to establish a presence on the decentralized web and the metaverse, with Quik.com prov
Litecoin Holds Bullish Outlook As the MVRV Ratio Signals Strength – Analyst
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ukrainian Soccer Club Shakhtar to Raise Humanitarian Funds Through NFT Sale
Ukrainian Soccer Club Shakhtar to Raise Humanitarian Funds Through NFT Sale Shakhtar Donetsk, a leading soccer team in Ukraine, will sell a collection of non-fungible tokens (NFTs)
Bitcoin Network's OP_CAT upgrade fuels developer innovation
Derek Andersen4 hours agoBitcoin Network"s OP_CAT upgrade fuels developer innovationBioniq CEO Bob Bodily talks about Ordinals and the need for covenants on the Bitcoin network at Bitcoin 2024.1090 Total views11 Total sh
‘Ecstasy Kingpin’ From Brockton Forfeits $2.3M in Bitcoin to Massachusetts Law Enforcement
‘Ecstasy Kingpin’ From Brockton Forfeits $2.3M in Bitcoin to Massachusetts Law Enforcement A man from Brockton, Massachusetts was sentenced to eight years in prison and forced
JK Rowling Bitcoin Quest: Elon Musk Joins Community to Explain Cryptocurrency to Harry Potter Author
JK Rowling Bitcoin Quest: Elon Musk Joins Community to Explain Cryptocurrency to Harry Potter AuthorHarry Potter author JK Rowling has become inundated with bitcoin insight and cryp
Australia Issues White Paper for Central Bank Digital Currency
Australia Issues White Paper for Central Bank Digital Currency Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The mon
Bitcoin Skeptic Peter Schiff Will Sell Troubled Euro Pacific Bank for BTC if Regulators Let Him
Bitcoin Skeptic Peter Schiff Will Sell Troubled Euro Pacific Bank for BTC if Regulators Let Him Peter Schiff says he will sell his bank, Euro Pacific, for bitcoin if the Puerto Ric
Binance Forming Crypto Industry Recovery Fund to ‘Reduce Further Cascading Negative Effects of FTX’
Binance Forming Crypto Industry Recovery Fund to "Reduce Further Cascading Negative Effects of FTX" Cryptocurrency exchange Binance is forming an industry recovery fund to “r
Ciaran Lyons2 hours agoEvidence of crypto usage by ISIS is ‘mounting’ — TRM LabsBlockchain intelligence platform TRM Labs revealed that USDT on the Tron network is the primary choice for transactions among ISIS aff
Landfill Gas Mitigation Firm Vespene Energy Secures $4.3M to Bolster Gas-to-Bitcoin Solutions
Landfill Gas Mitigation Firm Vespene Energy Secures $4.3M to Bolster Gas-to-Bitcoin Solutions On August 9, a firm that uses landfill methane to fuel bitcoin miners, Vespene Energy,
HBAR To $2? Hedera Rides Real-World Asset Wave Toward Breakout
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu