Asian stocks rise after BOJ decision

Asia-Pacific stocks traded mostly higher on Wednesday despite the Bank of Japan’s announcement that it has made no random changes to its yield curve control policy.

Japan’s Nikkei 225 led interests in the region, up 2.37 percent. Topix was up 1.46 percent. After the announcement of the decision, the Japanese yen lost 2.04 percent against the dollar and lastly traded at 130.35.

Hong Kong’s Hang Seng index fell 0.19 percent and the Hang Seng Tech Index fell 0.43 percent. Mainland China’s Shanghai Composite traded flat and Shenzhen Component rose 0.11 percent.

In Australia, the S&P/ASX 200 rose 0.23%. Kospi lost 0.64%.

Overnight in the US, major stock indexes fell as investors struggled to maintain momentum in early 2023.