Asia markets rise ahead of Federal Reserve's rate decision; China holds loan prime rates steady
Publishing timestamp: 2024-03-20 03:54:00
Summary
Asia-Pacific markets rose as investors digested Bank of Japan's landmark shift in monetary policy while awaiting U.S. Federal Reserve's interest rate decision. BOJ raised interest rates for the first time in 17 years, sending Nikkei beyond 40000 mark. Samsung Electronics and SK Hynix saw gains after reports of partnerships with Nvidia. UBS and Goldman Sachs provided insights on market outlook. Nvidia shares slumped after unveiling new AI chips, impacting semiconductor stocks.
Sentiment: MIXED
Tickers: INTC, .DXY, .IXIC, NVDA, .KS11, .N225, SMH, MU, AMD, AVGO, @CL.1, .SSEC, TSM, .SPX, @LCO.1, MRVL, .AXJO, .DJI, JPY=, AUD=, .HSI, .SZI,
Keywords: shanghai, s&p/asx 200, nikkei 225 index, dxy us dollar currency index, kospi index, asia economy, australian dollar/us dollar fx spot rate, breaking news: asia, economic events, prices, hang seng index, breaking news: markets, nasdaq composite, world markets, ice brent crude (apr'23), business news, shenzhen component index, usd/jpy, wti crude (mar'23), dow jones industrial average, australia, markets, s&p 500 index,
Source: https://www.cnbc.com/2024/03/20/asia-markets-live-updates.html