Bank of Japan (BOJ) Governor Kazuo Ueda.
Bloomberg | Bloomberg | Getty Images
Asia-Pacific markets fell on Tuesday ahead of monetary policy decisions from the Bank of Japan and the Reserve Bank of Australia.
All eyes are on the Bank of Japan, which is expected to end its negative interest rate policy after 17 years.
Economists polled by Reuters expect the central bank to raise interest rates to 0% from the current -0.1%.
Japan’s Nikkei 225 Index It opened 0.5% lower, still below 40,000 points. The broader Topix index was trading near flat lines.
In addition, the Reserve Bank of Australia is expected to maintain its benchmark interest rate at 4.35% for the third consecutive meeting.
this S&P/ASX 200 Index It rose slightly by 0.1%.
Korean Cospi It fell 0.8%, with the Kosdaq index of small-cap stocks inching down 0.4%.
Hong Kong’s Hang Seng Index futures were quoted at 16,680 points, opening weaker than the Hang Seng Index’s closing point of 16,737.12 points.
All three major U.S. stock indexes rebounded overnight on gains in technology companies, while investors awaited monetary policy guidance from the Federal Reserve.
Nvidia The company’s shares rose 0.7% on the first day of the GTC conference, where the chipmaker is expected to showcase its latest advances in artificial intelligence.shares letter Bloomberg News reported that it closed up 4.6% apple It is in talks with Google to incorporate the company’s Gemini AI into the iPhone.
this Dow Jones Industrial Average rose 0.2%, while S&P 500 Index up 0.63%.this Nasdaq Index up 0.82%.
—CNBC’s Lisa Kailai Han and Brian Evans contributed to this report
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