Asian Stock Market: Japan’s Surprise Trade Surplus; PBoC holds rate unchanged

Governor Kazuo Ueda is expected to maintain a dovish policy stance in order to keep inflation steady at approximately 2%.

In China, the People's Bank of China announced on Thursday that it maintained benchmark lending rates unchanged. The one-year and five-year Loan Prime Rates were kept unchanged at 3.55% and 4.20%, respectively. On Thursday, China's Ambassador Xie Feng criticized the US's consideration of foreign investment and AI chip restrictions. He added that China would retaliate if the US imposed more curbs on its chip sector in Beijing.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Caution stems ahead of US Retail SalesMost Asian stock markets trade in negative territory on Tuesday. Markets turn cautious amid the concern about an economic slowdown in China and market
Source: FXStreetNews - 🏆 14. / 72 Read more »

Asian Stock Market: Trades mixed as investors digest the dataAsian stock markets trades mixed on Wednesday as investors digest better-than-expected results from Wall Street. The risk appetite improves on the outp
Source: FXStreetNews - 🏆 14. / 72 Read more »

Stock market news today: Recession fears ease as Big Tech earnings loomUS stocks rally as recession fears ease and investors look to upcoming Big Tech earnings
Source: BusinessInsider - 🏆 729. / 51 Read more »

The $236 Billion Enigma Dominating Abu Dhabi’s Stock MarketIHC started out as a small owner of fish farms. The conglomerate now represents about 30% of the market value of Abu Dhabi’s stock exchange.
Source: WSJ - 🏆 98. / 63 Read more »

Stock market bullishness is rising, and that's not necessarily goodOne of the underpinnings of a rising market is high levels of skepticism because it represents people who could come back into the market.
Source: CNBC - 🏆 12. / 72 Read more »