Reported 2 months ago
Asian stocks rose for a second consecutive session as the Bank of Japan indicated it would refrain from raising interest rates in the face of market instability. The MSCI Asia Pacific Index increased by 1.8%, with Japan's Topix closing up 2.3%. Strong gains were observed in technology sectors, easing concerns over the yen carry trade's unwinding. Despite gains, analysts remain cautious due to ongoing recession fears linked to the US economy.
Source: YAHOO