Asia-Pacific stocks rise; Bank of Japan’s monetary policy meeting minutes released
Stocks in Asia-Pacific traded higher Wednesday morning as investors react to the release of minutes from the Bank of Japan’s monetary policy meeting.
In Japan, the Nikkei 225 rose 0.36% while the Topix index gained 0.1%. South Korea’s Kospi advanced 0.59%.
In the Bank of Japan’s October monetary policy meeting minutes released Wednesday, one member expressed concern that “deflation might take hold” if Covid-19 spreads again and pushes down economic activity, so this “possibly warranted attention” in guiding monetary policy.
Shares in Australia edged higher, with the S&P/ASX 200 gaining 0.85%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.21% higher.
A new Covid strain in the U.K. has been weighing on investor sentiment globally in recent days. It comes at a time when vaccines are starting to be rolled out and major economies around the world have seen a resurgence in daily coronavirus infections.
Reference: CNBC
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