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Nikkei Index Retreats from Record High Following BOJ Meeting; JGB Market Sees Volatile Movements
Gelonghui, April 28 | Japan's Nikkei Index retreated from its record high on Tuesday as Japanese bond markets experienced fluctuations and the yen strengthened. This followed the Bank of Japan maintaining interest rates while issuing a hawkish signal. After trading resumed in the afternoon, the Nikkei Index fell by 1%. The yield on Japan's 30-year government bonds declined by 3.5 basis points to 3.640%, while the yield on five-year government bonds increased by 1.5 basis points to 1.865%. The yield on Japan’s two-year government bonds rose by 2 basis points to 1.380%. The benchmark 10-year government bond yield briefly climbed to 2.48%, nearing the 29-year high of 2% reached earlier this month.
Following the rise on Wall Street, Japan's Nikkei Index may trend higher.
Gelonghui, April 16 | Following overnight gains on Wall Street, the Japanese stock market may rise, although lingering caution over the Iran conflict persists. On the Singapore Exchange, futures on the Nikkei Index climbed 0.6% to 58,620 points. Investors are closely monitoring developments in the Middle East as regional mediators work to extend the ceasefire agreement between the United States and Iran. The Nikkei Index rose 0.4% on Wednesday to close at 58,134.24 points.
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U.S.-Iran Ceasefire Sparks Jubilation in Asian Markets! Strategists Warn: High Oil Prices Remain a Sword of Damocles
For Asian economies heavily reliant on crude oil from the Middle East, the risk of high oil prices remains a looming threat.
Trump sends major ceasefire signal! Oil prices plummet, Asian stock markets rally.
On Wednesday (April 8), Asian markets visibly breathed a sigh of relief after U.S. President Trump announced a temporary ceasefire agreement with Iran. Trump stated that he agreed to suspend military strikes against Iran for two weeks, on the condition that Iran immediately reopens the Strait of Hormuz. Iran's Supreme National Security Council has agreed to allow vessels to 'pass safely' through the strait and indicated that negotiations with the United States will commence this Friday. This news quickly alleviated market concerns over prolonged energy supply disruptions. Boosted by the ceasefire announcement, Asian stock markets experienced a notable relief rally. Risk appetite significantly rebounded, with Japan’s Nikkei index showing strong gains.