Stocks, Bank of Japan, Interest Rates, Currency

The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Monday, April 25, 2022.

Toru Hanai | Bloomberg | Getty Images

Shares in Asia-Pacific fell ahead of the Bank of Japan’s interest rate decision and a slew of companies in the region that reported gains.

In Australia, the S&P/ASX 200 fell 0.49%.

Japan’s Nikkei 225 fell 0.89% in early trading, while the Topix fell 0.51%. The Japanese yen was trading at 146 levels, stronger than the levels seen last week before an intervention reportedly took place.

The Bank of Japan is expected to keep interest rates at ultra-low levels, according to forecasts in a Reuters poll.

South Korea’s Kospi lost 0.44% and the Kosdaq lost 0.67%. MSCI’s widest index of Asia-Pacific stocks outside of Japan fell 0.26%.

Some Chinese airlines listed in Hong Kong will report revenue along with electric vehicle manufacturer BYD. South Korean LG Electronics also announces profit.

Overnight in the US, the Dow Jones Industrial Average rose 194.17 points, or 0.6%, to end at 32,033.28 in its fifth consecutive positive session. The S&P 500 closed 0.6% lower at 3,807.30 and the Nasdaq Composite lost 1.6% to 10,792.68.

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