Asian stocks on Thursday were mixed with investors expecting a wave of monetary plans and policies from different central banks across the world later the same day. Thursday also revealed a rise in the Japan’s Nikkei as it climbed 0.47% prior to the end of the two-day meeting related to the Bank of Japan. There is wide anticipation that fresh monetary program could be announced, consequent to the end of the next meeting scheduled for early April for the central bank, even though this news related to the BOJ does not appear to have any pricing response in the market. Regardless of the USD/JPY trading at a lower position, exporters in Japan witnessed their shares surging ahead.
Initially this month, China announced increasing of the down payment requirements as well as the interest rates on borrowers who are enrolling for second mortgages as a strategy to check the potential housing concerns. The Hang Seng in Hong Kong also moved up 0.08% and the Shanghai Composite improved 0.01%. Singapore’s Straits Times Index also dropped 0.02%. Kospi in South Korea also dropped 0.84% because of the lack of strength in the shares of Samsung, a leading organization in electronics. S&P 500 futures are off 0.10% following the Dow Jones Industrial Average advancement to an additional record high during U.S. trading session on Wednesday.
In other news, S&P/ASX 200 Index in Australia moved down 0.4%, following a report announced earlier the present day revealing that the deficit in trade for the nation has increased more than the value anticipated by the economists. A closer look at the numbers showed that Australia’s trade deficit had broadened to a value of AUD1.06 billion in January from a position of AUD688 million, which was observed in December. AUD500 million was expected as the deficit for January by economists. The official report announced on Wednesday indicated that the GDP for Australia had risen 0.6% in the fourth quarter, and was moving in a rate as expected. With the expansion rate in GDP for the third quarter revised to value of 0.7% from 0.5%, financial firms expected the Australian stocks to lead lower.