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Asian stocks higher as investors await central banks
– canadianbusiness.com
HONG KONG – Asian stock markets rose Monday, extending a global rally after Wall Street finished last week strongly, as investors turned their attention to several key upcoming central bank meetings.
KEEPING SCORE: Japan’s benchmark Nikkei 225 index rose 2.1 per cent to 17,291.15 while South Korea’s Kospi edged up 0.2 per cent to 1,974.56. Hong Kong’s Hang Seng added 1.3 per cent to 20,466.66 and the Shanghai Composite Index in mainland China gained 2.7 per cent to 2,886.13. Australia’s S&P/ASX 200 climbed 0.5 per cent to 5,249.80. Benchmarks in Taiwan and Southeast Asia also rose.
CENTRAL BANKS: After the European Central Bank followed through last week on its promise to provide more stimulus, investors will be awaiting more meetings from the world’s major central banks. Most of the attention will fall on the Fed’s meeting scheduled Wednesday, as investors watch to see whether the U.S. central bank is leaning toward hiking rates again or standing pat…
KEEPING SCORE: Japan’s benchmark Nikkei 225 index rose 2.1 per cent to 17,291.15 while South Korea’s Kospi edged up 0.2 per cent to 1,974.56. Hong Kong’s Hang Seng added 1.3 per cent to 20,466.66 and the Shanghai Composite Index in mainland China gained 2.7 per cent to 2,886.13. Australia’s S&P/ASX 200 climbed 0.5 per cent to 5,249.80. Benchmarks in Taiwan and Southeast Asia also rose.
CENTRAL BANKS: After the European Central Bank followed through last week on its promise to provide more stimulus, investors will be awaiting more meetings from the world’s major central banks. Most of the attention will fall on the Fed’s meeting scheduled Wednesday, as investors watch to see whether the U.S. central bank is leaning toward hiking rates again or standing pat…
