Asian stocks rise, Nikkei extends rebound on BOJ comments

Investing.com-- Most Asian stocks rose on Wednesday as they recovered from steep losses earlier this week, while Japanese markets rose sharply following some encouraging comments on interest rates from the Bank of Japan.

Regional markets took some positive cues from a strong overnight close on Wall Street, although a recovery in U.S. stocks also remained tenuous after bruising losses on Monday.indexes were the best performers in Asia on Wednesday, rising more than 3% each. Coupled with strong gains on Tuesday, the two indexes had now reversed Monday’s rout, which saw both indexes tumble to eight-month lows and into bear market territory.

His comments sparked some optimism that Japanese interest rates will not rise as sharply as initially forecast by the bank. The BOJ had raised interest rates last week and flagged more increases this year, with its unexpectedly hawkish turn serving as a key weight on Japanese markets.index pointed to a positive open, with the index set for a strong recovery after a rebound on Tuesday petered out.

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 stocks slump on growth concerns; Nikkei hits 6-mth low in post-BOJ routAsian stocks slump on growth concerns; Nikkei hits 6-mth low in post-BOJ rout
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks: Japan tumbles as BOJ vows more rate hikes, China rebound stallsAsian stocks: Japan tumbles as BOJ vows more rate hikes, China rebound stalls
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks sink as BOJ, Fed meetings approach; China shares hit 6-mth lowAsian stocks sink as BOJ, Fed meetings approach; China shares hit 6-mth low
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks sit tight, yen firms as BOJ beckonsAsian stocks sit tight, yen firms as BOJ beckons
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks rise with BOJ in focus; China rebounds on stimulus hopesAsian stocks rise with BOJ in focus; China rebounds on stimulus hopes
Source: Investingcom - 🏆 450. / 53 Read more »