The Bank of Japan held its key short-term lending rate and continued its ultra-low rate policy defying rising inflationary pressures. Stocks in China were under pressure on the worries of another covid-virus flare-up after the holiday period.
The Bank of Japan is expected to revise its rates higher on Wednesday. China's economic growth slowed less than expected but fell short of the target set by the government.
Tokyo stocks declined ahead of the rate hike and the yen appreciated to a 7-month high. Property market weakness persisted in China. India's wholesale inflation eased.
Market indexes in Tokyo increased after the yen dropped for the fourth day in a row but auto sales fell to a 45-year low. China stocks rebounded on reopening hopes and Hong Kong index surged the most in two decades.
Market indexes in Tokyo gained after the December minutes of the U.S. Fed's meeting was deemed less hawkish than anticipated. Technology stocks in Hong Kong led the gainers and property stocks advanced in Shanghai and Hong Kong after PBOC pledged more support.
Benchmark indexes in Tokyo closed down but indexes in Hong Kong rebounded on the hopes of peak virus and government support for the weak property market.
U.S. and global recession worries put Asian markets on a downward trend. China's trade surplus shrinks to the smallest level since April and exports fell for the second month in a row. India lowered its key lending rate.
The Nikkei index in Tokyo declined after industrial production fell short of expectations in October. Market indexes in India soared to new peaks on strong inflow of foreign capital.
Asian markets traded lower after coronavirus infections surged in China and the People's Bank of China left its key lending rate unchanged for the third month in a row.
Asian markets traded higher and the yen hovered near a 32-year low. Markets in Japan, India, China, and Korea gained on the domestic earnings optimism.
Chinese authorities took preemptive steps to curb the rapid spread of coronavirus and impose lockdowns in megacities ahead of the annual Communist Party congress next week.
Asian markets turned lower in Wednesday's trading ahead of the rate decision in Europe. China's exports and imports slowed in August. Japan's finance minister said the government will act if needed after the yen declined for the third day in a row.
