Market

Asian Markets React to BoJ's Steady Rates and Japan's Economic Data

Asian Markets Mixed After BoJ's Rate Decision

Following the Bank of Japan's (BoJ) decision to maintain its benchmark interest rate at 0.5%, major stock markets in the Asia-Pacific region showed mixed reactions. Investors are closely analyzing Japan's latest economic data, including a decline in industrial production for January and a significant shift from a trade deficit to a surplus of ¥584.5 billion in February.

Stock Market Movements Across Asia

At 7:11 am CET, Japan's Nikkei and Hong Kong's Hang Seng remained flat, while South Korea's Kospi experienced a 0.71% rise shortly after. Conversely, Australia's S&P/ASX 200 saw a 0.41% decrease by the market's close. Mainland China's stock markets also faced downturns, with the Shanghai Composite and Shenzhen Composite dropping by 0.17% and 0.46%, respectively, by 7:15 am CET.

Currency Market Update

In currency markets, the dollar strengthened by 0.35% against the yen, trading at ¥149.7880 by 7:15 am CET.