Dovish BOJ boosts Japan stocks, China shares fall after benchmark lending rates left unchanged
Publishing timestamp: 2023-12-20 03:21:45
Summary
Asia markets rose on Wednesday, with Japan stocks extending gains after the Bank of Japan left its monetary policy unchanged. Optimism also spilled over from a rally on Wall Street. Australian stocks hit a 10-month high. Chinese ecommerce giant Alibaba slashed its stake in Xpeng. The Reserve Bank of Australia held interest rates steady. Energy stocks have had a challenging year, but one portfolio specialist is bullish on the sector's long-term prospects. Oil prices rose due to concerns about shipping disruptions. The SPDR S&P 500 Trust (SPY) reported significant inflows, indicating a potential change in investor behavior. The KPOP and Korean Entertainment ETF (KPOP) outperformed after JYP Entertainment announced a new boy band.
Sentiment: NEUTRAL
Tickers: BABA, .KS11, .SSEC, .SZI, @CL.1, JPY=, .DJI, .SPX, KPOP, IVV, SPY, .HSI, AUD=, .N225, .DXY, 9868-HK, .IXIC, .AXJO, @LCO.1,
Keywords: markets, asia economy, prices, breaking news: markets, nasdaq composite, dow jones industrial average, shanghai, breaking news: asia, nikkei 225 index, hang seng index, world markets, s&p/asx 200, dxy us dollar currency index, business news, economic events, shenzhen component index, usd/jpy, australia, australian dollar/us dollar fx spot rate, kospi index, s&p 500 index, ice brent crude (apr'23), wti crude (mar'23),
Source: https://www.cnbc.com/2023/12/20/asia-markets-gain-japan-stocks-extend-rise-on-dovish-boj.html