Asia markets mixed ---
Saturday, 23 September 2023
Asia-Pacific markets were mixed as the Bank of Japan left its monetary policy unchanged after its latest meeting concluded on Friday, with some markets paring losses earlier in the day, reports CNBC.
The central bank kept rates at -0.1 per cent, and capped the 10-year Japanese government bond yield around zero.
Japan's Nikkei 225 fell 0.52 per cent to close at its lowest level this month at 32,402.41, while the Topix slid 0.3 per cent to 2,376.27, marking three straight days of losses.
Hong Kong's Hang Seng index gained 2.12 per cent in its final hour, reversing losses and leading gains in Asia, while mainland Chinese markets also advanced, with the CSI 300 closing 1.81 per cent up at 3,738.93 and rebounding off its 10-month low.
In Australia, the S&P/ASX 200 gained 0.05 per cent, also reversing losses earlier in the day and ending at 7,068.8.
South Korea's Kospi slid 0.27 per cent to close at 2,508.13, while the Kosdaq slipped 0.39 per cent for its sixth straight day and finished at 857.35, its lowest level since May 31.
Meanwhile, European markets were slightly lower on Friday as the prospect of higher for longer interest rates emerged from a slew of central bank decisions this week.
The pan-European Stoxx 600 index was down 0.15 per cent by late afternoon, having pared earlier losses of around 0.4 per cent. Construction and material
stocks dropped 0.75 per cent while tech stocks added 0.75 per cent.
Global stock markets have endured a rough few days, with the European blue chip index shedding 1.3 per cent on Thursday and on course for a negative week.