Asian markets slump following BOJ’s verdict
On Thursday, stocks in Asia mostly traded lower, after the Bank of Japan refused to change its current monetary policy.
The Nikkei Stocl Average went down 2.9%, Korean Kospi lacked 0.8%, while the Hang Seng Index edged down 2%. The Shanghai Composite Index stood still, and Australian S&P/ASX 200 slightly went up, but than rebounded.
In Asia, market participants were concerned with the BOJ’s verdict to hold its asset-purchasing program as well as deposit interest rate intact, though it was expected by the financial markets. Financial experts told the Japan’s major bank might have stood away from extra easing policies in order to avoid rattling markets ahead of the UK’s upcoming referendum.
Obviously, there’s an excessive number of risks closely connected with Brexit. So, there’s no wonder that financial markets are already demonstrating anxiety. As for the rest of the region, these stocks are trading lower.