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- Asian Stocks close: stocks were exhibiting a mixed trend on Wednesday
Asian Stocks close: stocks were exhibiting a mixed trend on Wednesday
Asian stock
indices were exhibiting a mixed trend on Wednesday. The Japanese stock index
Nikkei 225 dropped due to the stronger yen. The yen strengthened after the Bank
of Japan refrained from boosting stimulus measures. The Bank of Japan will
continue to increase the monetary base at a pace of ¥60 trillion to ¥70
trillion per year. Japan’s central bank expects a moderate economic recovery.
Japan’s
trade deficit was ¥808.9 billion in April, compared to a deficit of ¥1,714.2
billion in March. Analysts had forecasted a deficit of ¥640.0 billion.
Chinese
stock indices rose due to speculation that state-linked investors are purchasing
equities and expectations of market reforms in the coal sector.
Indexes on
the close:
Nikkei
225 14,042.17 -33.08 -0.24%
Hang
Seng 22,836.52 +1.84 +0.01%
Shanghai
Composite 2,024.95 +16.83 +0.84%
Lenovo
Group Ltd. shares climbed 2.6% after reporting a rise in full-year profit.
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