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

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Asian stocks have gained ahead of policy decisions this week by Japan's central bank and the Federal Reserve. Chinese data released Monday were mixed, with property investment falling while other indicators showed improvement. Japan's benchmark jumped 2.7% on news that companies plan substantial wage hikes, which could boost the economy.

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 Japan’s central bank and the Federal Reserve. A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Monday, March 18, 2024, in Tokyo.

Elsewhere, Australia’s S&P/ASX 200 edged 0.1% higher to 7,675.80, while the Kospi in South Korea advanced 0.7%, to 2,685.84.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.China’s stock regulator pledges to boost the quality of listed firms and crack down on market abusesThe S&P 500 fell 0.6% to 5,117.09. The Dow Jones Industrial Average fell 0.5% to 38,714.

The latest pullback for stocks came as traders reviewed several reports showing that inflation, though broadly cooling, remains stubborn.

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