Asia pacific stocks rose on Monday, as the Bank of Japan announced its decision to enhance monetary policy easing.
Japanese stocks led gains among the region’s major markets, the Nikkei 225 rose 2.71 percent to close at 19,783.22 as shares of robot maker Fanuc soared 11.95 percent following the release of the firm’s financial results for the year ended March 2020. The Topix index also advanced 1.8 percent to finish its trading day at 1,447.25.
The Japanese central bank announced a series of measures on Monday to combat the hit on Japan’s economy as a result of the coronavirus pandemic.
Mainland Chinese stocks were up on the day, with the Shanghai composite rising 0.25% to about 2,815.49 while the Shenzhen composite fractionally higher at approximately 1,738.05. Hong Kong’s Hang Seng index also jumped about 1.9%, as of its final hour of trading.
