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Japan (NKY:IND) -2.16%. The Bank of Japan begins its two-day monetary policy meeting today, with traders watching for any hawkish signs as the yen retreats beyond 155 yen to the dollar on Thursday, falling to new 34-year lows.
China (SHCOMP) +0.27%. Mainland stocks It rose for the second straight session amid improving market sentiment and overall outlook in China. UBS analysts upgraded MSCI China shares to “overweight” on Tuesday, saying foreign investors will gradually return to the Chinese market via Stock Connect.
Meanwhile, the Beijing Auto Show will start on Thursday, and the event is expected to boost the stock prices of auto companies.
Hong Kong (HSI) +0.36%.
India (Sensex) +0.05%.
Australia (AS51) Market closed.
In Asia, South Korea's economy grew by 3.4% in the first quarter compared to last year, the strongest growth since the fourth quarter of 2021.
In the United States, on Wednesday, all three major indexes ended little changed amid rising Treasury yields and disappointing forecasts from Meta Platforms Inc.
US stock futures fell sharply on Thursday with tech giant Meta Platforms falling about 15% in extended trading after issuing weak revenue guidance for the second quarter, which beats better-than-expected first-quarter results: Dow Jones. -0.23%; Standard & Poor's 500 -0.66%; Nasdaq -1.25%.
Meanwhile, investors now turn their attention to Thursday's US GDP data and the release of the Fed's preferred personal consumption expenditures price index report on Friday for further insights into the outlook for monetary policy.
Meanwhile, waning tensions in the Middle East continued to weigh on bullion as investors turned towards riskier assets.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
