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Nikkei pares gains as BOJ keeps policy on hold

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 30, 2015.

  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 trading on a mixed note, with the Japanese stocks disappointed by BOJ’s steady policy decision, as markets were widely anticipating the BOJ to unveil additional stimulus at today’s meeting.

    BOJ leaves policy settings unchanged, Presser eyed

    The Japanese stocks are seen losing strength and retraced below 19k mark after the BOJ’s status-quo dampened the sentiment around the corporate world amid expectations of more easy money flowing into markets.

    The BOJ left its monetary policy settings unadjusted, pledging to increase the increase monetary base at annual pace Of 80 trln yen. Markets also turn cautious ahead of the BOJ semi-annual outlook report and Kuroda’s presser for more hints on the economic outlook. The Nikkei trades modestly flat around 18,977 points.

    The Australian benchmark, the S&P/ASX trades marginally lower at 5,257, following the weak cues overnight from Wall Street and lower commodity prices.

    Stocks on the Chinese indices traded mixed, with the mainland’s China’s Shanghai Composite index, up 0.12% at 3,391. While Hong Kong’s Hang Seng loses -0.10% to 22,796.
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