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HomeAsiaJapan's Nikkei 225 rises almost 2%

Japan’s Nikkei 225 rises almost 2%

Singapore — Asia-Pacific stocks rose on Wednesday, leaving several major Asian markets closed due to Lunar New Year holidays.

The Nikkei 225 In Japan, it rose 1.68% to close at 27,533.60, and the Tokyo Stock Price Index rose 2.14% to 1,936.56.

In Australia S & P / ASX 200 It rose 1.17% and closed the trading day at 7,087.70.Those benefits came later Reserve Bank of Australia Governor Philippe Rowe gave a speech on Wednesday at the Central Bank’s recent Decision to end the bond purchase program “It does not mean that a cash rate increase is imminent.”

“In many other countries, we recognize that the termination of bond purchase programs is or is expected to be closely followed by the policy rate hike,” Mr. Rowe said. “Our low inflation and low wage growth are the main reasons we don’t have to keep pace with others.”

Rowe’s comment came when investors around the world were working on the prospect that major central banks would tighten monetary policy after nearly two years of unprecedented stimulus.

Stock Selection and Investment Trends from CNBC Pro:

Elsewhere in India Nifty 50 As of 11:39 am local time, the BSE Sensex was up 0.93% and up 0.9%.

MSCI’s widest non-Japanese Asia Pacific stock index traded 0.37% higher.

Markets in mainland China, Hong Kong, Singapore and South Korea were closed on Wednesday due to Lunar New Year holidays.

Overnight on the state border, Wall Street stocks rose on the third day. The Dow Jones Industrial Average rose 273.38 points to 35,405.24 and the S & P 500 rose 0.69% to 4,546.54. The Nasdaq Composite Index rose 0.75% to 14,346.

Currency and oil

The US dollar indexTracking greenbacks against baskets from other companies in the same industry was 96.273 after surpassing 97 at the beginning of the week.

The Japanese yen It traded at 114.76 per dollar, stronger than the level above 115.2 seen against the greenback earlier this week. The Australian dollar After rising from a level below $ 0.702 at the beginning of the trading week, we changed hands at $ 0.7134.

Oil prices were high in the afternoon of Asian trading hours on international benchmarks Brent crude oil futures $ 89.43 a barrel, up 0.3%. US Crude Oil Futures $ 88.45, up 0.28% per barrel.

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