Asian Markets Show Mixed Reactions Post BoJ Decision

Following the Bank of Japan's (BoJ) announcement to maintain its benchmark interest rate at 0.5%, major stock markets across the Asia-Pacific region exhibited mixed responses. The decision came amidst a backdrop of Japan's declining industrial production in January and a significant shift from a trade deficit to a surplus in February, amounting to ¥584.5 billion.

Market Movements Across the Region

Japan's Nikkei and Hong Kong's Hang Seng remained stable, showing minimal movement. In contrast, South Korea's Kospi experienced a notable rise of 0.71%. Meanwhile, Australia's S&P/ASX 200 saw a decline of 0.41% at closing. Mainland China's stock indices, the Shanghai Composite and the Shenzhen Composite, both recorded slight decreases.

Currency Fluctuations

The dollar strengthened against the yen, marking a 0.35% increase and trading at ¥149.7880.