Market News

Bank of Japan holds steady on monetary policy as China PMI data signals a strong rebound in manufacturing sector

Bank, China, Data, Holds, Japan, Manufacturing, Monetary, PMI, Policy, Rebound, Sector, Signals, Steady, Strong

“Breaking news: Bank of Japan announces historic decision amidst economic uncertainty while China PMI data hints at a potential economic rebound. Stay tuned for live updates on these game-changing developments!”

Asia-Pacific markets were mixed ahead of a key monetary policy decision by the Bank of Japan, and fresh economic data points throughout the region.

The Bank of Japan will conclude its two-day policy meeting later in the day, with investors watching for any signs of the central bank raising its inflation forecasts. It is also expected to discuss further adjustments to its bond yield control.

Also on Tuesday, China purchasing manager’s index data for October will likely show manufacturing grew at an expansionary pace of 50.2, according to economists polled by Reuters.

Japan’s Nikkei 225 dipped 0.34%, while the Topix added 0.22% at open. South Korea’s Kospi gained 0.37%. The Kosdaq edged 0.06% lower.

Futures for Hong Kong’s Hang Seng index stood at 17,393, pointing to a weaker open compared to the HSI’s close of 17,406.36.

In Australia, the S&P/ASX 200 was 0.47% higher.

Leave a Comment