Asian stocks mixed ahead of BOJ, China rebounds

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The stocks on the Asian bourses are seen trading on a mixed note on the final trading day of the big, with the Japanese stocks treading water ahead of the big event for this session, the BOJ policy decision.

    BOJ in focus

    The Japanese benchmark index, the Nikkei 225, opened on an upbeat mote before slipping in the red after a slew of Japanese fundamentals disappointed markets big time. Moreover, investors remain on the back and refrain from placing big bets before the BOJ outcome. The index trades largely subdued around 17,025 points.

    The Australian markets also followed its Japanese counterpart lower, with the overnight bounce in oil doing little to boost the resource and energy stocks. Heavy losses in the gold and banking stocks also dampened the sentiment. The ASX 200 index recovers losses and now trades -0.12% at 4,970.

    While the Chinese equities reversed their losing streak and rebounded today, mainly on the back of profit-taking as investors unwound their positions heading into the Lunar New Year holidays. The benchmark Shanghai Composite index trades +0.48% at 2,670. Shenzhen’s CSI 300 index rallies 0.84%, while China A50 index advances over 1.40%.
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