Asian Stock Market: Nikkei, Shanghai ignore BoJ concerns amid upbeat China data, policy pivot talks

Asian stocks remain firmer after Wall Street’s mixed close as central bank policy pivot looms.

Fed’s rate hike, readiness for September move can’t push back concerns suggesting nearness to peak rates.in the Asia-Pacific region remains firmer, despite mixed closing of the Wall Street benchmarks, amid concerns supporting a sooner end to the rate hike spell at the major central banks. Adding strength to the optimism could be China’s upbeat industrial profits.

Elsewhere, Australia’s ASX 200 also rise 0.80% amid mixed inflation clues whereas New Zealand’s NZX50 rises 0.70% on a day by the press time. Further, stocks in China and Hong Kong are upbeat as China's Industrial Profits for the January-June period improve to -16.8% compared to the -18.8% figure marked for the first five months of the year 2023, per China’s National Bureau of Statistics data.

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