Posted 1/22/2024, 4:30:15 AM
Asian Markets Mixed as Wall Street Hits New Highs; Eyes on Bank of Japan Meeting, China Bank Rates
- Shares were mixed in Asian markets after Wall Street returned to record highs; Hong Kong's benchmark dropped over 2% near 15-month low
- Bank of Japan started 2-day policy meeting, expected to keep ultra-low interest rates unchanged
- China's commercial banks kept loan prime rate unchanged amid downward pressure on yuan, disappointing investors
- Wall Street rally driven by hopes for rate cuts as US inflation remained tame; tech stocks lifted market
- Energy prices dropped, with benchmark US crude oil down 46 cents to $72.79 a barrel