Japan Topix index rose for a sixth day as investors await a decision on monetary policy by the central bank.
The Topix added 0.1
percent to 1,477.44 as of 9:03 a.m. in Tokyo, with three stocks rising
for every two that fell. The Nikkei 225 Stock Average slipped 0.2
percent to 18,157.39. The yen traded at 120.26 per dollar ahead of the
Bank of Japan’s decision, with 34 of 36 analysts surveyed by Bloomberg
forecasting Governor Haruhiko Kuroda won’t expand on record monetary
stimulus.
While just two of 36
analysts surveyed by Bloomberg last week expect a move Wednesday, 15 are
forecasting extra stimulus at a meeting on Oct. 30. People familiar
with deliberations at the BOJ said officials as recently as last week
saw little need for more easing.
E-mini futures on the
Standard & Poor’s 500 Index slipped 0.2 percent after the underlying
gauge fell 0.4 percent in New York on Tuesday as a rout in
biotechnology shares snapped the longest rally in U.S. stocks this year.
Source : Bloomberg
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