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Showing posts with the label interest rate decision

Japan's Nikkei rises ahead of BOJ decision; Advantest jumps

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[hfe_template id='11223'] [ad_1] Japan's Nikkei share average edged higher on Thursday as investors awaited the Bank of Japan's latest interest rate decision, and developments in the U.S. trade talks with Tokyo's top negotiator in Washington. The Nikkei rose 0.4% to 36,177.63, as of 0150 GMT, with the BOJ's policy announcement due some time in the late Tokyo morning or early afternoon. The broader Topix was flat. The tech-heavy Nikkei was buoyed by a 6.3% jump for chip-testing equipment maker Advantest, as it tracked after-hours advances for U.S. tech megacaps Meta Platforms and Microsoft on strong financial results. Japan's central bank is widely expected to leave rates steady, while cutting growth forecasts. Investors will be more focused on what BOJ Governor Kazuo Ueda has to say on the impact of U.S. trade policy in the board's thinking about when to next raise interest rates. Live Events Market-implied odds for a quarter-point hike by yea...

South Korean shares start week lower ahead of BOK rate decision, Powell's speech

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[hfe_template id='11223'] [ad_1] South Korean shares fell on Monday, ahead of a series of monetary policy events this week, with chipmakers dragging the benchmark index lower. ** The benchmark KOSPI index was down 11.91 points, or 0.44%, at 2,685.32, as of 0137 GMT, on track to snap a five-session rally. ** The U.S. Federal Reserve will release the minutes of its latest monetary policy meeting this week, and its Chair Jerome Powell is scheduled to give a speech at the annual Jackson Hole event. ** The Bank of Korea will meet on Thursday for an interest rate decision, after keeping rates on hold at a 15-year high of 3.50% for the 12th straight meeting in July. ** Chipmaker Samsung Electronics fell 2.12% and peer SK Hynix lost 2.85%, and were the biggest decliners among index heavyweights. ** Battery makers also fell, but e-commerce firms and biopharmaceutical stocks rose. ** Of the total 936 traded issues, 370 shares advanced, while 503 declined. ** Foreigners were net ...