Stock market today: Asian stocks gain ahead of US and Japan rate decisions

A person stands in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, March 18, 2024, in Tokyo. Asian stocks advanced Monday ahead of policy decisions this week by Japans central bank and the Federal Reserve. In Tokyo, the Nikkei 225 index jumped 2.4% to 39,639.27. Markets are awaiting a decision by the Bank of Japan on Tuesday on whether to raise its benchmark interest rate for the first time in 17 years.

Elsewhere, Australia’s S&P/ASX 200 was unchanged at 7,670.60, while the Kospi in South Korea advanced 0.6%, to 2,681.26.On Friday, Wall Street closed out its second straight losing week, giving back some of the gains that helped push the stock market to an all-time high earlier in the week. Communication services stocks also helped pull the market lower. Meta Platforms fell 1.6% and Google parent Alphabet fell 1.3%.

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