Most Asian Stocks Rise as Japan Advances With Weakening YenBy
BOJ Governor Kuroda says too soon to show stimulus exit plan
China H-shares rise from the lowest level in almost a month
Most Asian stocks rose as Japan equities got a boost from a weaker yen as the Bank of Japan kept its monetary policy unchanged.
The MSCI Asia Pacific Index declined less than 0.1 percent at 4:51 p.m. in Hong Kong with more stocks gaining than falling. The gauge has lost 0.6 percent this week, on course for its biggest weekly slide since March. Japan’s Topix Index gained 0.5 percent as the yen extended its biggest drop against the dollar in five months. SoftBank Group Corp. added 2.9 percent. Hong Kong shares pared earlier gains, posting their biggest weekly decline in three months.
The BOJ maintained its policy rate and kept its 10-year bond yield target at about zero percent. Governor Haruhiko Kuroda said it was too soon to show any stimulus exit plan, which many investors had been watching for.
- Japan’s Topix +0.5%, Nikkei 225 +0.6%
- Japan Banks, Exporters Rise After BOJ Keeps Policy Unchanged
- Hong Kong’s Hang Seng Index +0.2%, HSCEI +0.4%; SHCOMP -0.3%
- South Korea’s Kospi little changed
- Australia’s S&P/ASX 200 +0.2%
- Australia’s Week in Charts: Aussie Surges as Iron, Yields Slide
- Sensex, Nifty little changed; Indonesia’s JCI -0.7%, Singapore’s STI -0.2% Malaysia’s KLCI +0.1%, Philippines PCOMP -1%; Thailand’s SET +0.2%, Vietnam’s VNIndex +0.1%