Asian shares firm on resurgent oil, Nikkei falls on BOJ


TOKYO: Asian stocks hit a seven-week high on Wednesday as oil prices showed some signs of life, supporting battered resource shares and emerging economy currencies, while Tokyo shares fell after the Bank of Japan stood pat on policy.

MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.1 percent, rising above its Sept 18 peak to reach its highest level since late August.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Helping more city-state F&B businesses to expand overseas
Core inflation cools more than expected
Investors revolt as Woodside expands in oil and gas
UK firms told to ‘urgently review’ green claims
Chinese knockoff raid jolts a throng of fake-fashion influencers
Enphase sees soft solar market rebounding despite weak sales
Nasdaq, S&P set to open higher on tech boost, earnings glee
Sasbadi reports highest ever quarterly revenue
Aneka Jaringan leverages order book for growth
Chin Hin Group to develop two lands with combined GDV of RM1.08bil

Others Also Read