Asian stocks track Wall Street higher, Japan’s Nikkei leads gains
==========
Asian stocks are tracking Wall Street higher, with Japan's Nikkei leading the gains. Most Asian stocks are edging higher following the S&P 500 closing at a record high. China's Shanghai is up 0.62%, the Shenzhen Component Index rose 1.08%, Hong Kong's Hang Seng dropped 1.26%, South Korea's Kospi is up 0.16%, India's NIFTY 50 is down 0.86%, and Japan's Nikkei is up 1.91%. Japan's December current account balance was lower than expected, with a surplus of 744.3 billion yen compared to the expected surplus of 1.02 trillion yen. In China, policymakers plan to bolster markets ahead of the Lunar New Year holiday. The Chinese economy is facing deflationary pressures, and officials are under pressure to take more measures to boost the economy. In India, the Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5%. The Bank of Thailand (BoT) also left its benchmark interest rate steady. Mainland Chinese stock markets will be closed on Friday for the Lunar New Year and will reopen on Monday.
#AsianStocks #WallStreet #Japan'sNikkei #ChineseStimulusMeasures