The Asian stock market was seen trading mixed on Wednesday after the Bank of Japan released a statement which showed that the bank refrained from adding to monetary stimulus at its last meeting.
Japan
The Japanese benchmark Nikkei 225 index slid 0.24% lower closing at 14,042.17, while Tokyo’s Topix index lost 0.29% ending the session at 1,149.81. The Japanese oil company Inpex saw the most gains on the Nikkei 225 index, climbing 2.59%, while the steel-maker Nisshin Steel lost 5.06%.
Japan posted a trade deficit of 808 billion yen for April, compared to the 1.45 trillion yen seen in the previous month and below analysts’ estimates of a 646 billion yen shortfall, according to data from Japan’s Ministry of Finance.
The Bank of Japan (BoJ) refrained from adding to its monetary stimulus at its May meeting, as the central bank will continue to expand the monetary base at a pace of 60 trillion yen to 70 trillion yen per year, it said in the bank’s statement, meeting in line with analysts’ forecasts.
The nation’s exports rose 5.1% year on year, while imports gained 3.4%, both exceeding estimates.
China
Hong Kong’s Hang Seng index gained 0.03% at 22,844.17 at the time of writing, while Shanghai Composite index edged 0.35% higher to 2,015.46 at the same time. The Chinese computer manufacturers Lenovo saw the most gains on the Hang Seng index, gaining 1.97%, while China Merchants Holdings lost 1.25%.
The South Korean Kospi index slid 0.2% while the Australian benchmark S&P/ASX 200 index fell 0.01% at 5,419.70.
The Australian winemaker, Treasury Wine Estates climbed 4.17%, while Spark Infrastructure Trust slid 5.32%.
Stocks – Europe
Stocks in Europe dropped for a third day on Wednesday as investors focus on meeting minutes from the Bank of England (BoE) and the Federal Reserve, which are both due to be release later in the day.
The European Euro Stoxx 50 dropped 0.03% lower to 3,162.50 at the time of writing, while the German DAX slid 0.02% to 9,637.80. At the same time, the French CAC declined 0.16% trading at 4,445.30, while the UK’s benchmark FTSE 100 gave up 0.07% to 6,798.30.
The European Commission’s consumer confidence gauge for the eurozone is expected to be released later in the day and may show a rise to minus 8.3 in May, the highest since October 2007.
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Stocks – Asia
The Asian stock market was seen trading mixed on Wednesday after the Bank of Japan released a statement which showed that the bank refrained from adding to monetary stimulus at its last meeting.
Japan
The Japanese benchmark Nikkei 225 index slid 0.24% lower closing at 14,042.17, while Tokyo’s Topix index lost 0.29% ending the session at 1,149.81. The Japanese oil company Inpex saw the most gains on the Nikkei 225 index, climbing 2.59%, while the steel-maker Nisshin Steel lost 5.06%.
Japan posted a trade deficit of 808 billion yen for April, compared to the 1.45 trillion yen seen in the previous month and below analysts’ estimates of a 646 billion yen shortfall, according to data from Japan’s Ministry of Finance.
The Bank of Japan (BoJ) refrained from adding to its monetary stimulus at its May meeting, as the central bank will continue to expand the monetary base at a pace of 60 trillion yen to 70 trillion yen per year, it said in the bank’s statement, meeting in line with analysts’ forecasts.
The nation’s exports rose 5.1% year on year, while imports gained 3.4%, both exceeding estimates.
China
Hong Kong’s Hang Seng index gained 0.03% at 22,844.17 at the time of writing, while Shanghai Composite index edged 0.35% higher to 2,015.46 at the same time. The Chinese computer manufacturers Lenovo saw the most gains on the Hang Seng index, gaining 1.97%, while China Merchants Holdings lost 1.25%.
The South Korean Kospi index slid 0.2% while the Australian benchmark S&P/ASX 200 index fell 0.01% at 5,419.70.
The Australian winemaker, Treasury Wine Estates climbed 4.17%, while Spark Infrastructure Trust slid 5.32%.
Stocks – Europe
Stocks in Europe dropped for a third day on Wednesday as investors focus on meeting minutes from the Bank of England (BoE) and the Federal Reserve, which are both due to be release later in the day.
The European Euro Stoxx 50 dropped 0.03% lower to 3,162.50 at the time of writing, while the German DAX slid 0.02% to 9,637.80. At the same time, the French CAC declined 0.16% trading at 4,445.30, while the UK’s benchmark FTSE 100 gave up 0.07% to 6,798.30.
The European Commission’s consumer confidence gauge for the eurozone is expected to be released later in the day and may show a rise to minus 8.3 in May, the highest since October 2007.
Visit www.hymarkets.com to find out more about our products and start trading today with only $50 using the latest trading technology today.
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