Japan’s Nikkei share gauge surged past the significant 71,000 level for the first time on Thursday, following the extension of the ceasefire between the United States and Iran. This development has alleviated geopolitical tensions and bolstered risk appetite among investors. The benchmark Nikkei 225 advanced 1.65% to close at 71,053.49, after touching an intraday high Read More
On Tuesday, Japan’s Nikkei share average reached a record high following the Bank of Japan’s anticipated interest rate hike, while indicating no immediate need for additional monetary policy tightening. Japanese government bonds experienced a decline following the decision to increase the key rate by a quarter point to 1%. Meanwhile, the yen remained relatively stable Read More
Asia-Pacific markets experienced an uptick on Monday as investors analyzed the decision of China’s central bank to maintain its loan prime rates at current levels. The People’s Bank of China maintained its 1-year and 5-year loan prime rates at 3% and 3.5% respectively, marking the seventh consecutive meeting without change, consistent with a Reuters survey. Read More
