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Asia shares mostly rise moderately after US national holiday

Asia shares mostly rise moderately after US national holiday

ABC News
Tuesday, January 18, 2022 04:07:24 AM UTC

Asian shares are mostly higher in the absence of big market-moving news following a national holiday in the U.S. The Bank of Japan wrapped up a two-day policy meeting with no major changes

TOKYO -- Asian shares were mostly higher Tuesday in the absence of big market-moving news following a national holiday in the U.S.

The Bank of Japan wrapped up a two-day policy meeting with no major changes. The benchmark interest rate remains at a longstanding minus 0.1%.

Benchmarks in Japan, China and Australia rose in early trading, but shares fell in South Korea. U.S. futures edged higher. U.S. markets were closed Monday for Martin Luther King Day.

Japan’s central bank’s super-easy monetary policy had been expected to stay unchanged for the time being, as the nation grapples with surging cases of COVID infections set off by the omicron variant.

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