Asian stocks are mostly higher as Bank of Japan raises benchmark rate
NEW YORK - Asian stocks were mostly higher Wednesday following a decision by the Bank of Japan to raise its benchmark interest rate.Japan’s benchmark Nikkei 225 edged 0.1% lower to 38,478.92 after the central bank’s decision to raise the benchmark rate to about 0.25% from 0.1%.
“It seems that policymakers are inclined to raise rates to limit excessive declines in the yen but are being careful not to fuel any overreaction to the move,” Yeap Jun Rong of IG said in a commentary. Australia’s S&P/ASX 200 advanced 1.3% to 8,052.50 after data showed the annual rate of inflation has risen to 3.8% from 3.6% when the year started, and the consumer price index rose 1% compared with the last quarter.On Tuesday, the S&P 500 slipped 0.5% to 5,436.44, even though two out of every three stocks within the index rose. The Dow Jones Industrial Average rose 0.5% to 40,743.33, and the Nasdaq composite sank 1.3% to 17,147.42.
Most of the other stocks in the group that’s come to be known as the “Magnificent Seven” fell Tuesday, including a 7% tumble for Nvidia. Expectations for a soon-to-be easier Fed have sent yields tumbling in the bond market, and they eased further Tuesday. The yield on the 10-year Treasury fell to 4.14% from 4.17% late Monday.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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