Asian stocks rise following rate cuts in China and Australia, Japan trims gains after BOJ

From Google: 2024-09-19 23:37:02

Asian stocks are on the rise following the announcement of rate cuts in China and Australia. Japanese stocks, however, have trimmed their gains after the Bank of Japan’s decision to hold rates steady. This has resulted in a mixed trading day in Asia.

China and Australia have both reduced interest rates in an effort to stimulate their economies. This move has been received positively by investors, leading to a boost in Asian stocks. However, concerns about the effectiveness of these measures linger, causing some volatility in the markets.

The Bank of Japan has decided to keep its interest rates unchanged, leading to a slight dip in Japanese stocks. Despite the initial optimism surrounding the rate cuts in China and Australia, uncertainty remains about the global economic outlook. This has resulted in a cautious approach from investors in Japan.



Read more at Google: Asian stocks rise on rate cut cheer; Japan trims gains after BOJ – Investing.com