Asian equity markets gain ground
February 16, 2021SharePrint
Asian equities are off to a strong start
Yesterday’s close by the Nikkei 225 above 30,000, last seen in 1990, appears to be spurring more buyers into the markets this morning, helped along by Bank of Japan Governor Kuroda. Mr Kuroda stated today, that the BoJ wouldn’t seek to exit or stop its buying of ETF’s, which form part of its ongoing quantitative easing programme. That has lifted the Nikkei 225 by an impressive 1.40% today.
US index futures have crept higher by around 0.15% with most of Asia in the green, although showing less exuberance than Japan. The Kospi has risen by 0.20%, and with Hong Kong returning from holiday, the Hang Seng has played catch-up, powering 1.70% higher today. Singapore has drifted 0.30% higher, with Kuala Lumpur edging 0.15% higher and Jakarta has climbed 0.80% as expectations of a Friday rate cute rise. Bumper results from BHP have lifted Australian markets, along with dovish RBA mi
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