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Wednesday, 27 April 2016

CAPITAL STROKE UPDATE: ASIAN MARKETS 28-Apr-2016

The Bank of Japan’s (BOJ) decision to keep monetary policy steady caused hefty swings in Japanese markets Thursday, with the yen rallying sharply and stocks tumbling after having opened higher. The Nikkei 225 index fell 2.98 percent following the BOJ decision, compared to a 1.41 percent gain before. The dollar/yen pair fell 2.10 percent to 109.11, compared to 111 levels it traded at before the decision, which disappointed a section of the market betting on further stimulus.Across the Korean Strait, the Kospi wavered between positive and negative territory before trading down 0.56 percent. In Hong Kong, the Hang Seng index was up 0.24 percent. For more details visit: http://www.capitalstroke.com/ or contact on +91 - 9770570009

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