Asian Stock Market: Shows recovery as US banking jitters ebb, oil juggles below $74.00

Japanese stocks have rebounded as the BoJ has favored the continuation of easy monetary policy.Markets in the Asian domain have shown a decent recovery as fears of a potentialbanking crisis have receded and escalating chances of a steady monetary policy by the Federal Reserve . S&P500 futures have generated significant gains in the Asian session after a choppy Tuesday. Ebbing fears of US banking shakedown are infusing confidence among the market participants.

At the press time, Japan’s Nikkei225 jumped 0.71%, ChinaA50 added 0.28%, Hang Seng soared 2.17%, and Nifty50 gained 0.54%. Japanese stocks have rebounded as the Bank of Japan has favored for the continuation of easy monetary policy to keep inflation steady above desired levels. Ex-Bank of Japan Governor Haruhiko Kuroda remained extremely dovish for further monetary policy as the sustainable inflation target has not been met yet. He further added, “It is premature to debate an exit from easy monetary policy.” And, “More time is needed to stably and sustainably hit the price target.

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