Asia-Pacific shares traded mostly higher on Wednesday even as the Bank of Japan announced no change to its yield curve control policy.
In Japan, the Nikkei 225 exploded, gaining 652.44 points, or 2.5%, to 26,791.12.
The Japanese yen weakened 2.04% against the U.S. dollar right after the decision was announced and last traded at 130.84.
Bank of Japan’s governor Haruhiko Kuroda said in an afternoon press conference on Wednesday that there is no further need to expand its yield curve control range.
In Hong Kong, the Hang Seng recovered 100.36 points, or 0.5%, to 21,678.
CHINA
In Shanghai, the CSI 300 fell 6.93 points, or 0.2%, to 4,180.31,
Oil prices are supported on further China reopening optimism and fuel demand, with the Organization of the Petroleum Exporting Countries forecasting that Chinese oil demand is on track for a bounce.
In other markets
Markets in Taiwan were shuttered for holiday.
In Korea, the Kospi index fell 11.07 points, or 0.5%, to 2,368.32.
In Singapore, the Straits Times Index poked ahead 9.04 points, or 0.3%, to 3,289.55.
In New Zealand, the NZX 50 jumped 39.41 points, or 0.3%, to 11,920.41.
In Australia, the ASX 200 moved positive 7.06 points, or 0.1%, to 7,393.36.
