The Japanese stock market suddenly rose across the board.
The Nikkei 225 index closed up 1.49% at 39101.82 points.
In the Asia Pacific region, major indices are all trending red, with the Hang Seng Technology Index showing strong performance.
Gold and silver also saw a slight increase.
In addition, the increase in international oil prices has widened, with the main contract for US oil rising by over 2%.
The Bank of Japan has decided to raise interest rates
The Bank of Japan held a monetary policy meeting and decided to adjust the current policy interest rate from 0% to 0.1% to 0.25%. This interest rate hike is the first since the negative interest rate policy was lifted in March this year. In addition, the Bank of Japan also decided to reduce the purchase scale of Japanese treasury bond in the next one to two years.
On March 19th of this year, the Bank of Japan decided to end its negative interest rate policy and raise the policy rate from -0.1% to the range of 0 to 0.1%, marking the first time in 17 years that the Bank of Japan has raised interest rates since February 2007.
The Bank of Japan launched an ultra loose monetary policy in 2013. In February 2016, the Bank of Japan began implementing a negative interest rate policy, reducing the excess reserve deposit rate for commercial banks from 0.1% to -0.1%. The Bank of Japan is the world's first central bank to implement a negative interest rate policy. The Bank of Japan is attempting to stimulate economic growth and increase inflation through this non-traditional monetary policy tool.
A-shares soar sharply
Today, A-shares also surged in volume, with the Shanghai Composite Index recovering 2900 points. In the afternoon, the three major indexes continued to strengthen.
Among them, brokerage stocks collectively surged, with Jinlong Stock hitting the daily limit up and winning 5 boards in 8 days; Huaxin Shares, Tianfeng Securities, Pacific, Guosheng Financial Holding, and others have all hit the daily limit up. Hong Kong stock brokerage stocks also collectively rose, with China Galaxy and CICC rising by over 7%, and Guolian Securities rising by over 5%. In terms of ETFs, the fintech ETF Huaxia and fintech ETF rose by over 6%, while the brokerage index ETF rose by over 5%.
Xinda Securities stated that looking ahead, the securities industry is expected to receive support from various mechanisms such as assets, funds, and trading ends, or benefit from market mechanism optimization, resource allocation efficiency improvement, green finance, and technological innovation. From an investment perspective, it is recommended to focus on top securities firms and securities firms with merger and acquisition prospects.