Business News Asia
The Nikkei stock market in Tokyo closed higher yesterday as the yen fell to a new 20-year low against the dollar. Investors expected the gap between interest rates in the U.S. and Japan to widen further.
The NIKKEI 225 ended the trading session at 27,217.85 points, up 232.76 points or 0.86%.
— The Australian stock market S&P/ASX 200 closed higher. This was supported by a recovery in health care and technology stocks. Australian shares also benefited from the Dow Jones Industrial Average, which closed almost 500 points higher overnight.
The S&P/ASX 200 index closed at 7,569.20 points, up 4.00 points or 0.05%.
The All Ordinaries Index closed at 7869.70 points, up 1.80 points or 0.02%.
— The Shanghai Composite Index closed lower yesterday. This was caused by the disappointment of investors that the People’s Bank of China (PBOC) maintained its key interest rate contrary to market expectations.
The Shanghai Composite Index closed at 3,151.05, down 42.98 or -1.35%.
— The South Korean composite index closed almost unchanged from the previous day. Trading was sparse, as there were no clear leading factors.
The South Korean Stock Exchange Composite Index (KOSPI) closed at 2718.69 points, down 0.2 points or -0.01%.
— The Hang Seng Index, the stock exchange of Hong Kong, closed lower yesterday. The cause was the disappointment of investors that the People’s Bank of China (PBOC) has maintained its key interest rate against market expectations.
The Hang Seng Index closed today at 20,944.67 points, down 83.09 points or -0.40%.