Asia Markets: Asian markets gain as oil prices fall
Nikkei rises as Bank of Japan expected to expand stimulus
Asian markets gained in early trading Monday, as oil prices fell and the Bank of Japan met to discuss monetary policy.
rose 2.2%, and Hong Kong’s Hang Seng index
gained 1.6%. The Shanghai Composite
edged up 0.6% while the smaller-cap Shenzhen Composite
advanced about the same. South Korea’s Kospi
rose 1.6%, and benchmark indexes in Taiwan
gained as well. Australia’s S&P/ASX 200
In Tokyo, the Bank of Japan was expected to expand monetary stimulus plans for the second straight month amid the coronavirus pandemic that has crippled global economies. The central bank is expected to keep interest rates unchanged, though.
Last week, the Dow Jones Industrial Average
fell 1.9%, the S&P 500
declined 1.3% and the Nasdaq
retreated 0.2%, marking the first losing week for the benchmarks in the past three weeks.