Asian stocks lower ahead of BoJ rate decision

Friday, 16. July 2021 04:51

Major stock market indexes in Asia traded lower on Friday with investors awaiting the Bank of Japan's monetary policy statement and interest rate decision.

The markets also seemingly reacted to comments made by German Chancellor Angela Merkel and US president Joe Biden in a joint press briefing. The chancellor underscored the need to make sure that China plays by the same rules as the bloc in terms of trade, while Biden said that Washington is ready to stand up to China as well as any other country "working to undermine free and open societies."

Hong Kong's Hang Seng declined 0.03% at 4:45 am CET, while on the Chinese mainland, the Shanghai Composite declined 0.26%, with the Shenzhen Composite falling 0.32%, a minute later. Japan's Nikkei 225 went down by 1.08% at 4:35 am CET with the dollar rising 0.18% against the yen, going for 110.0320 at 4:46 am CET. South Korea's Kospi Composite traded 0.56% lower at 4:47 am CET, as the Australian S&P/ASX 200 fell by 0.02%.

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Breaking the News / NL