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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