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Asia markets to rise as Wall Street rallies; investors look ahead to Bank of Japan policy meeting



New Governor of Bank of Japan Kazuo Ueda waits for Japanese Prime Minister Fumio Kishida in Tokyo on April 10, 2023.

Kimimasa Mayama | Afp | Getty Images

Asia-Pacific markets are set to rise on Friday after Wall Street logged one of its best days in the year, powered by earnings from Big Tech companies.

Investors in Asia will be closely watching as the Bank of Japan concludes its monetary policy meeting today, the first under new BOJ governor Kazuo Ueda.

Japanese markets are set for a positive open with, the Nikkei futures contract in Chicago at 28,750, while its counterpart in Osaka was at 28,740 against the Nikkei 225’s last close at 28,457.68. Japan will also release its unemployment data.


In Australia, futures for the S&P/ASX 200 stood at 7,345, higher than the index’s last close of 7,292.

Futures tied to Hong Kong’s Hang Seng index are also higher at 19,956, compared to its last close of 19,840.

Overnight in the U.S., the Dow Jones Industrial Average and S&P 500 recorded their best days since January, gaining 1.57% and 1.96% respectively, while the Nasdaq Composite saw its best day in March, rising 2.43%.

— CNBC’s Alex Harring and Hakyung Kim contributed to this report

Source: CNBC


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