Asian stocks steady after policy decisions

Dhaka,  Monday,   2016-09-23
Published : 23 Sep 2016, 13:13:49

Asian stocks steady after policy decisions

Asian stocks steady after policy decisions
Asian stock markets held fairly steady Friday, as investors, pleased by US and Japanese central bank policy decisions this week to keep rates low for the time being, paused to assess global conditions.

Japan's benchmark Nikkei 225 index dipped 0.3 per cent to 16,763.19 while South Korea's Kospi crept up 0.1 per cent to 2,052.49. Hong Kong's Hang Seng slipped 0.1 per cent to 23,734.77.

The Shanghai Composite Index in mainland China dipped 0.2 per cent 3,036.20. Australia's S&P/ASX 200 rose 1.0 per cent to 5,427.90.

Major US benchmarks finished with solid gains. The Dow Jones industrial average rose 0.5 per cent to 18,392.46. The S&P 500 index gained 0.7 per cent to 2,177.18 and the Nasdaq composite climbed 0.8 per cent to 5,339.52.

US benchmark crude oil futures lost 52 cents to $45.80 a barrel in electronic trading on the New York Mercantile Exchange.

The contract rose 98 cents to settle at $46.32 a barrel on Thursday. Brent crude, used to price international oils, fell 45 cents to $47.76 a barrel.

The dollar climbed to 100.95 yen from 100.84 yen in late trading Thursday. The euro slipped to $1.1201 from $1.1209, according to a news agency.

-SRS-
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