“The Bank of Japan meeting kicks off, promising potential shifts in monetary policies and market impacts – stay tuned for live updates!”
Asia-Pacific markets started the week with mixed results as investors awaited key economic data from the region. Monetary policy decisions from Japan and Malaysia, inflation data from South Korea, and gross domestic growth figures from Taiwan and Hong Kong are among the highlights of the week.
In Japan, the Nikkei 225 slid 0.95% and the Topix lost 1.04% as the Bank of Japan began its two-day monetary policy meeting. Meanwhile, South Korea’s Kospi was up 0.34%, and the small-cap Kosdaq closed up 1.15%. In Australia, the S&P/ASX 200 slipped 0.79% due to a faster than expected rise in September retail sales.
Hong Kong’s Hang Seng index slipped 0.08% in its final hour of trading, while the mainland Chinese CSI 300 index ended the day up 0.6% at 3,583.77.
On Friday in the U.S., the three major indexes ended the day mixed. The S&P 500 entered correction territory, falling on fears of a recession. The Dow Jones Industrial Average fell 1.12%, while the Nasdaq Composite held 0.38% higher, thanks to Amazon beating analysts’ expectations for revenue and earnings in the third quarter.
As investors continue to monitor economic data and global market trends, it remains to be seen how these factors will impact the Asia-Pacific markets throughout the week.
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