Asian stocks fall on China trade jitters, Japan rises as BOJ maintains loose policy

From Investing.com: 2024-06-13 23:56:15

Most Asian stocks fell as U.S. inflation concerns eased. Japanese shares rose after the BOJ kept bond purchases unchanged, signaling loose monetary policy in the near-term.

Chinese markets were hit with EU tariffs on electric vehicles, sparking fears of retaliatory measures. Tech stocks kept the and at record highs, but broader sectors lagged.

Japanese stocks rose as the BOJ hinted at potential future changes in its bond buying program. Markets doubted the bank’s capacity to tighten policy given recent economic weaknesses.

Chinese markets fell on EU tariffs on electric vehicles, with fears of more restrictions and retaliatory measures. Broader Asian stocks were mixed, with South Korea’s outperforming on tech strength.



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