Investing.com-- Most Asian stocks rose on Thursday, recovering a measure of steep losses clocked over the past two sessions, although sentiment still remained fragile after a devastating earthquake in Taiwan.
Trading volumes in Asian markets were somewhat muted on account of market holidays in China and Hong Kong.rose 1.5% on Thursday, rebounding back above the 40,000 level after clocking three straight days of losses. The index was pressured by a mix of profit-taking, while signs of higher Japanese inflation also drove up concerns over more hawkish measures from the Bank of Japan.greatly benefited export-oriented Japanese stocks, which were a key driver of the Nikkei’s gains on Thursday.
The RBI meeting also comes just weeks before the 2024 India general elections, where incumbent Prime Minister Narendra Modi will be contesting for a third consecutive term. Investors have largely welcomed Modi’s business-first policies over his past 10 years of rule. The Indian economy was also the fastest-growing major economy over the past two years- a trend that saw the Nifty clock a series of record highs.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts.
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Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts. Chinese markets rose while shares fell in Tokyo and Seoul. The Chinese yuan dipped to its lowest level in four months. Oil prices advanced and U.S. futures were lower.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts.
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