Previous close | 17,284.50 |
Open | 17,336.20 |
Volume |
Day's range | 17,336.20 - 17,758.24 |
52-week range | 14,794.16 - 20,361.03 |
Avg. volume | 2,683,800,755 |
(Bloomberg) -- A higher-for-longer interest rate environment is burnishing the credentials of cheap Chinese stocks and driving value investment strategies in Asia. Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoBHP’s $39 Billion Copper Play Was Years in the MakingBlade to Offer Luxury Bus Service to Hamptons at Fare Up to $275Fed Repricing Gives Rise to New Equities Playbook in AsiaCorpor
The Japanese yen fell to fresh 34-year lows against the U.S. dollar after the Bank of Japan decided to keep interest rates on hold. The currency briefly spiked to 154.97 per dollar at one point, perhaps in hope that authorities may finally intervene to support the embattled yen. Not only did the BOJ dash hopes that rate hikes may be around the corner, but economic data compounded that assessment.
The Bank of Japan (BoJ) kept its monetary policy unchanged at the conclusion of its two-day meeting.