Asian stocks close mostly higher after 3rd day of rally on Wall Street

Asian stocks closed mostly higher this Friday (18), following Wall Street, which yesterday extended its rally for the third consecutive day, and after the Bank of Japan (BoJ) rule out a possible interest rate hike, despite inflationary pressures.

The Nikkei index rose 0.65% in Tokyo to 26,827.43 points after the BoJ left its monetary policy unchanged and its chairman, Haruhiko Kuroda, said there was no need to raise interest rates to control the inflation generated by the jump in commodity prices. energy amid the war in Ukraine.

Elsewhere in Asia, South Korean Kospi rose 0.46% in Seoul, at 2,707.02 points, and Taiex edged up 0.05% in Taiwan, at 17,456.52 points.

The Hang Seng fell 0.41% in Hong Kong, at 21,412.40 points, after accumulating robust gains in the previous two trading sessions in reaction to a pledge by the Chinese government to support capital markets and the real estate sector.

In mainland China, markets extended their recent appreciation, supported by the prospect of more stimulus from Beijing and following the positive tone of Wall Street.

The Shanghai Composite rose 1.12% to 3,251.07 points, and the less comprehensive Shenzhen Composite rose 0.56% to 2,144.90 points.

On Thursday (17), New York stocks rose strongly for the third session in a row, in part echoing the monetary policy decision of the Federal Reserve (Fed, the US central bank), which came basically in line with expectations. .

On Wednesday, the Fed raised interest rates for the first time since 2018.

There are expectations in Asia for a conversation that US Presidents Joe Biden and Chinese President Xi Jinping are expected to have this Friday about the Russian-Ukraine war and other matters.

In Oceania, the Australian stock exchange was also in the blue today, with the S&P/ASX 200 up 0.60% in Sydney, at 7,294.40 points.

(With international agencies)

Source: CNN Brasil

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