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HONG KONG: Asian markets were mixed on Tuesday (July 31st) as the Bank of Japan adjusted its monetary policy in an attempt to sustain its massive easing program as equities recovered from early losses fueled by corporate collapse American technologies.
The Tokyo Nikkei key index closed slightly higher, up 0.04% after the BoJ announced that it had revised down its inflation forecast while making minor changes to its ultra-flexible monetary policy for almost two years.
There had been widespread speculation that the central bank would change the policy, seeking to offset the effects of negative interest rates and its massive purchases of bonds and assets.
But the BoJ only brought small adjustments. This decision allowed investors to be relieved because they were "largely in line with market expectations," Hiroaki Hiwata, a strategist at Toyo Securities [AF]told AFP (19659005). Widely against the Japanese currency, trading at ¥ 111.31 against the dollar against ¥ 111.00 in New York
"All eyes are turned to a press conference by the governor of the BoJ (Haruhiko) Kuroda then that the market wants to see how to side effects "of ultra-loose policy, said Masakazu Satou, senior analyst at Gaiame Online.
China's composite benchmark index gained 0.3 percent at the end of the exchanges. The growth of manufacturing activity in July was below expectations
TECH SLUMP
Singapore grew by 0.4% and Taipei by 0.2%, but Hong Kong has closed down 0.5% US technology stocks fell sharply on Monday, pushing the technology-rich Nasdaq Composite Index in New York down 1.4 percent – the third consecutive day it had lost at least one percent.
] Share of Silicon Valley Since last week, Facebook posted a slowdown in growth because of its criticism of its privacy policies.
The collapse of the industry's five largest stocks – Facebook, Apple, Amazon, Netflix and Google – a The markets' heavyweight markets are having a bad day, but the US markets have pruned a lot of their losses, bank stocks and soaring oil prices boosting producers. said Stephen Innes, chief of Asia-Pacific currency trading at OANDA
"All eyes will remain on the Nasdaq as the Wall Street wall of worry continues to grow around the tech sector." Singapore and Singapore remained unchanged, investors digesting the BoJ's decision and waiting for the US Federal Reserve's policy announcements on Wednesday and Bank of England on Thursday.The oil prices slowed Tuesday in Asian trade, fears of an oversupply caused by rising production of major producers weighing on the market
Prices had closed higher on Monday thanks to the vigorous growth of the US economy – and an attack rebels against Saudi oil in the Red Sea forced the Saudi government to suspend crude oil deliveries on a key waterway
Crude Oil Rises as Markets Remain Exuberant "Benjamin Lu, Commodity Analyst at Phillip Futures in Singapore
– Key Figures at 08:30 GMT –
Hong Kong – Hang Seng: Down 0.5% in Shanghai – Composite: up 0.26% to 2 876.40 (closing)
Tokyo – Nikkei 225: up 0.04% to 22,553.72 (closing)
London – FTSE 100: up 0.1% to 7711.25
Euro / dollar: up to US $ 1.1726 in US $ 1.1707 to 0230 GMT
British Pound: UP to US $ 1.3158 to Starting from US $ 1.3121
Dollar / yen: UP to ¥ 111.39 from ¥ 111.01
Oil – Brent Crude: UP US $ 1.00 to US $ 70.46 a barrel
Oil – West Texas Intermediate: lower 39 cents to US $ 74.58 per barrel
New York – Dow Jones: down 0.6% to 25,306.83 (close)
New York – S & P 500: down 0.6% at 2,802.60 (close)
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