Bank of Japan's rate hike gives local, regional shares a boost
The Straits Times|August 01, 2024
STI climbs 0.4%, with top performer Seatrium up 4.3% | Gainers thrash losers 363 to 198 across broader market | Australia's index hits new high after release of inflation data
Megan Cheah

A surprise move by Japan's central bank to raise interest rates despite the lacklustre economy gave regional shares a boost on July 31.

Local investors responded by sending the Straits Times Index (STI) up 0.4 per cent, or 14.17 points, to 3,455.94. Across the broader market, gainers thrashed decliners 363 to 198 on trade of 1.1 billion securities worth $1.2 billion.

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