Friday, 14 June 2024 07:25 WIB | MARKET UPDATE |Saham AsiaBursa AsiaIndeks Saham Asia

Asia-Pacific markets were largely range bound on Friday ahead of the Bank of Japan’s rate decision.

Economists polled by Reuters expect the BOJ will maintain its benchmark interest rate at 0%-0.1%, but Nikkei reported the central bank is considering reducing its holdings of Japanese government bonds.

The BOJ currently aims to purchase about 6 trillion yen ($38.5 billion) in bonds per month, and has informed the market of plans to purchase between 4.8 trillion yen and 7 trillion yen of bonds per month.

Japan’s Nikkei 225 was down 0.09% at the open, while the Topix was marginally below the flatline.

South Korea’s Kospi was up 0.14%, the only benchmark in positive territory. The small cap Kosdaq was 0.36% lower.

Australia’s S&P/ASX 200 fell 0.17%.

Hong Kong Hang Seng index futures were at 17,964, lower than the HSI’s last close of 18,112.63.

Overnight in the U.S., the S&P 500 rose to post a fourth consecutive record close as traders weighed more data showing inflation pressures may be easing.

The broad market index climbed 0.23% to end at 5,433.74, while the Nasdaq Composite advanced 0.34% and closed at 17,667.56. Thursday marked the fourth straight closing record for both S&P 500 and the Nasdaq.

Source : CNBC