news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Japanese stocks suddenly rose across the board.

The Nikkei 225 index closed up 1.49% at 39,101.82 points.

In the Asia-Pacific region, all major indexes were in the green, among which the Hang Seng Tech Index performed strongly.

Gold and silver also rose slightly.

In addition, the increase in international oil prices widened, with the main U.S. oil contract rising by more than 2%.

Bank of Japan decides to raise interest rates

The Bank of Japan held a monetary policy meeting and decided to adjust the current policy rate of 0% to 0.1% to 0.25%. This rate hike is the first rate hike since the negative interest rate policy was lifted in March this year. In addition, the Bank of Japan also decided to reduce the scale of Japanese government bond purchases in the next 1 to 2 years.

On March 19 this year, the Bank of Japan decided to end its negative interest rate policy and raised the policy interest rate from -0.1% to a range of 0 to 0.1%. This was the first interest rate hike by the Bank of Japan in 17 years since February 2007.

The Bank of Japan introduced an ultra-loose monetary policy in 2013. In February 2016, the Bank of Japan began to implement a negative interest rate policy, reducing the interest rate on commercial banks' excess reserve deposits from the previous 0.1% to -0.1%. The Bank of Japan is the first central bank in the world to implement a negative interest rate policy. The Bank of Japan attempts to stimulate economic growth and increase inflation through this unconventional monetary policy measure.

A-shares surge

Today, A-shares also surged in volume, with the Shanghai Composite Index regaining 2,900 points. In the afternoon, the three major indexes continued to strengthen.

Among them, brokerage stocks collectively soared, among which Jinlong shares rose by the daily limit, achieving 5 daily limits in 8 days; Huaxin shares, Tianfeng Securities, Pacific Securities, Guosheng Financial Holdings, etc. all rose by the daily limit. Hong Kong-listed brokerage stocks also rose collectively, with China Galaxy Securities and CICC rising by more than 7%, and Guolian Securities rising by more than 5%. In terms of ETFs, the financial technology ETF Huaxia and the financial technology ETF rose by more than 6%, and the brokerage index ETF rose by more than 5%.

Cinda Securities said that looking forward to the future, the securities industry is expected to receive support from multiple mechanisms in terms of assets, funds, and transactions, and may benefit from market mechanism optimization, improved resource allocation efficiency, green finance, and technological innovation. From an investment perspective, it is recommended to pay attention to leading securities firms and securities firms with M&A prospects.

Editor: Peng Bo

Proofreading: Zhu Tianting