Asian stocks close higher after Japan central bank drops yen to 20-year lows

Asian stocks closed mostly higher on Thursday (28), led by the Japanese market, which benefited from the weakness of the yen after the Bank of Japan (BoJ) confirmed its ultra-accommodative stance.

The Nikkei stock index rose 1.75% in Tokyo today to 26,847.90 points as the Japanese currency renewed 20-year lows against the dollar overnight, passing the 130 yen level for the first time since April 2002. .

The BoJ left its monetary policy unchanged despite rising domestic inflation, and announced that it will purchase 10-year Japanese government bonds (JGBs) at a rate of 0.25% every business day to ensure that the bond yield do not exceed this level.

In China, which has been facing a serious wave of Covid-19, stocks were mixed.

The Shanghai Composite was up 0.58% to 2,975.48 points, but the less comprehensive Shenzhen Composite was down 0.71% to 1,808.47 points.

Elsewhere in Asia, the Hang Seng was up 1.65% in Hong Kong, at 20,276.17 points, the South Korean Kospi was up 1.08% in Seoul, at 2,667.49 points, and the Taiex was up 0. .71% in Taiwan, at 16,419.38 points.

The mostly positive tone in the Asian region also came as the New York stock exchanges stabilized yesterday after suffering heavy losses the day before.

In Oceania, the Australian stock market was in the blue today, boosted by mining stocks. The S&P/ASX 200 posted a 1.32% gain in Sydney at 7,356.90 points.

Source: CNN Brasil

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