शेयरबाजार आज: बैंक ऑफ जापान द्वारा 17 वर्षों में पहली बार मुख्य दर बढ़ाने के बाद एशियाई शेयरों में मिला-जुला रुख रहा

शेयरबाजार आज: बैंक ऑफ जापान द्वारा 17 वर्षों में पहली बार मुख्य दर बढ़ाने के बाद एशियाई शेयरों में मिला-जुला रुख रहा

Stock Market Today: Asian Shares Are Mixed After Bank of Japan Ups Key Rate for 1st Time in 17 Years

Today's stock market: Asian shares show mixed results following Bank of Japan's first key rate increase in 17 years.

  • Global News
  • 123
  • 19, Mar, 2024
Jivika Chawla
Jivika Chawla
  • @JivikaChawla

Stock Market Today: Asian Shares Are Mixed After Bank of Japan Ups Key Rate for 1st Time in 17 Years

The Bank of Japan's decision to raise its benchmark interest rate for the first time in 17 years has triggered mixed reactions in Asian markets. While wage increases and certain indicators suggest inflation has stabilized above the BOJ's 2% target, uncertainties persist due to weaknesses in industrial production, exports, housing investment, and government spending. Despite this, the market response remained subdued.

In Tokyo, the Nikkei 225 index edged up by 0.4%, accompanied by a rise in the dollar against the yen. Conversely, Chinese markets experienced declines, with the Hang Seng index in Hong Kong dropping by 1.2% and the Shanghai Composite index falling by 0.4%. However, Australia's S&P/ASX 200 saw a modest increase of 0.4% following the Reserve Bank of Australia's decision to maintain its benchmark interest rate at 4.35% for the third consecutive meeting.

Meanwhile, on Wall Street, stocks rose ahead of significant central bank meetings. The Federal Reserve's meeting on interest rates is expected to maintain the current rate, but updated forecasts may influence future rate cuts amidst concerns over worsening inflation. Similarly, the Bank of England will announce its decision on interest rates later in the week. The S&P 500 and Nasdaq composite posted gains, fueled by strong performances from Big Tech stocks like Nvidia and Tesla, while Hertz Global Holdings and Boeing faced losses amidst internal changes and manufacturing quality concerns, respectively.

Follow the Hindeez on Google News

Follow the Hindeez channel on WhatsApp

Jivika Chawla

Jivika Chawla

  • @JivikaChawla