Stay on top of your trading with analyses of the latest market news.
Key points: The Nikkei index increased by 0.25%, supported by banking stocks after the BOJ rate hike. Banks attracted substantial foreign investments, with net stock purchases reaching 472 billion yen. Japan’s Nikkei share average rose on Wednesday, buoyed by banking …
Nonferrous metals prices experienced an uptick on Wednesday, bolstered by a weaker dollar. However, the overall monthly trend points to a decline due to subdued demand from China.
The Australian dollar fell to a three-month low on Wednesday following a softer reading on core inflation. This change in data dampened expectations for further rate hikes and caused a surge in bond futures.
Emerging Asian currencies and stocks experienced gains on Wednesday as traders awaited the US Federal Reserve’s policy decision. The South Korean won and the Thai baht led the way among currencies, rising by 0.6% and 0.5%, respectively.
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