Asian Markets Show Mixed Responses to BoJ's Rate Decision

Following the Bank of Japan's decision to increase interest rates by 25 basis points, the highest since October 2008, major stock indices in the Asia-Pacific region experienced varied movements. This decision, coupled with Japan's consumer inflation data showing a rise to 3.6% in December, the highest since January 2023, has stirred the markets.

Detailed Market Movements Across Asia

Japan's Nikkei 225 remained flat, while South Korea's Kospi saw a 0.78% increase. Hong Kong's Hang Seng surged by 2.12%, and in mainland China, the Shanghai Composite and Shenzhen Composite rose by 0.57% and 0.80%, respectively. Australia's S&P/ASX 200 closed up by 0.36%.

Currency Impact

The dollar experienced a 0.48% decrease against the yen, trading at 155.22000.