The announcement follows a difficult spell for the royal family after both Charles and his daughter-in-law Catherine, revealed that they had cancer
China’s benchmark money-market rates slid.
The Nikkei 225 climbed 0.8 per cent, adding to a 54 per cent rally this year, the most among major developed markets tracked by Bloomberg. Japan’s currency fell 0.2 per cent at 7:40am in London, weakening for a third day. The Shanghai Composite Index climbed the most in three weeks after China’s seven-day repurchase rate, a gauge of funding availability, slid for a second day after the central bank injected funds into the financial system. Russia’s Micex Index rose. Most global markets are closed for the holidays.
Bank of Japan Governor Haruhiko Kuroda told a business lobby group on Wednesday the nation’s economy is on a smooth recovery path this year. Japan released its economic report for December on Tuesday, dropping deflation from its view for the first time since 2009. US reports showed orders for durable goods and new-home sales rose more than forecast in November, underscoring economic confidence expressed by the Federal Reserve this month when it said it will begin reducing stimulus.
“The yen’s depreciation is due to a stronger US economy and the logic of buying into Japanese stocks is clear — a weaker yen is good for Japan’s export-oriented economy,” said Wang Weijun, a strategist at Zheshang Securities Co in Shanghai. “The funds injection by China’s central bank is pretty symbolic.”
The Nikkei 225 gained to 16,009.99, the highest close since December 11, 2007. Fast Retailing Co, Asia’s biggest apparel chain and the most heavily weighted stock in the Nikkei, jumped 4.7 per cent. The Topix index rose 0.1 per cent, erasing a loss of as much as 0.5 per cent. SoftBank Corp slid 0.5 per cent on a Nikkei newspaper report that it’s seeking to buy T-Mobile US Inc.
Japan’s core consumer price index is likely to slightly exceed one per cent by the end of this year, BoJ Governor Kuroda said in Tokyo. The central bank in April set a goal to reach two per cent inflation in about two years.
The yen, which has tumbled 17 per cent this year, the most among 10 developed-market currencies tracked by Bloomberg Correlation-Weighted Indexes, declined to 104.42 against the greenback. It slid to 104.64 per dollar on December 20, the weakest since October 2008, and on Wednesday fell 0.1 per cent to 142.77 per euro, near the five-year low of 142.90 reached last week.
The Shanghai Composite gained 0.6 per cent to 2,106.35, led by oil companies. PetroChina Co, the biggest energy producer, rose 0.7 per cent. The seven-day repo fell 86 basis points to 5.5788 per cent, according to a weighted average compiled by the National Interbank Funding Center.
Taiwan’s benchmark index climbed 0.2 per cent. Thailand’s SET Index gained 0.4 per cent. The baht slid for a seventh day, losing 0.1 per cent to 32.725 per dollar.
The announcement follows a difficult spell for the royal family after both Charles and his daughter-in-law Catherine, revealed that they had cancer
It reiterated that pilgrims require a Haj visa and it can be obtained through recognised official channels
The 18-year-old was taken to hospital in a serious condition
The brothers, who say they are innocent, are accused of having formed an organised criminal network in early 2021 in Romania, as well as in the US and Britain
The left-handed batter scored 3369 runs in 136 one-day internationals and 2893 in 140 Twenty20 internationals — both Pakistan records
Food supplies were distributed to 80 households
On January 31, a heart was airlifted from Delhi to Chennai, paving the way for Ayesha Rashid's life-saving surgery
The online retailer, which is headquartered in Singapore, has said it has around 108 million monthly active users in the 27-nation EU