Global Market News

Central Bank Outlooks Soften Asian Stock Markets


Last updated: 06/11/2024 06:49:41

06:49 AM EDT, 06/11/2024 (MT Newswires) -- Asian stock markets mostly drifted lower Tuesday as investors awaited major central bank policy decisions and weighed bond yields.

Tokyo and Seoul gained, but other regional exchanges declined.

In Japan, the Nikkei 225 opened higher on Wall Street cues and held ground, finishing up 0.3% as traders mulled policy meetings by the US Federal Reserve and the Bank of Japan slated for later in the week.

The benchmark Nikkei 225 rose 96.63 to 39,134.79, although losing issues outnumbered gainers 128 to 93.

Leading the upside was Chugai Pharmaceutical, up 3.5%, while Daiwa Securities fell 4.6%.

Hong Kong reopened after a three-day weekend, finishing off 1%.

The broad gauge Hang Seng fell 190.61 to 18,176.34 as losing issues outnumbered gainers 74 to seven. The Hang Seng TECH Index lost 0.4% on the day, while the Mainland Properties Index fell 1.1%.

Leading the upside was online-platform delivery service Meituan, gaining 4.4%, while Orient Overseas International lost 9.4%.

On the mainland, also open after a three-day hiatus, the Shanghai Composite fell 0.8% to 3,028.05.

On the other regional exchanges, the S. Korean KOSPI rose 0.2%; the Taiwan TWSE declined 0.3%; the Australian ASX 200 declined 1.3%; the Singapore Straits Times Index fell 0.4%, and the Thai Set declined 0.2%. In late trading in Mumbai, the Sensex was down 0.1%.
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