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Asian markets rally as BOJ maintains its easing plan

22 May 2013 Evaluate

Buoyed by firm cues from US markets, Asian markets are trading jubilantly. Sentiments got a boost after two senior Federal Reserve officials dampened market speculation that the US central bank might start thinning its stimulus programme this year. Meanwhile, Japanese Nikkei average climbed to a five and a half year high, after the Bank of Japan (BOJ) concluding its two days meeting maintained its easing plan despite jitters over the recent volatility in bond markets, hoping it can prevent a renewed spike in yields by fine-tuning market operations.

Shanghai Composite rose 2.63 points or 0.11% to 2,307.74, Jakarta Composite increased 18.50 points or 0.36% to 5,207.25, KLSE Composite surged 17.66 points or 0.99% to 1,794.81, Nikkei 225 soared 166.11 points or 1.08% to 15,547.13, Straits Times jumped 13.72 points or 0.40% to 3,457.62, KOSPI Composite added 10.94 points or 0.55% to 1,992.03 and Taiwan Weighted was up by 6.30 points or 0.08% to 8,389.35.

 

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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