Precise Investors Editorial Team
KOSPI was an exception, adding more than 1% to a new record high of 6,712.73 points
Asian stocks were mixed on Tuesday amid elevated oil prices and lingering geopolitical uncertainty, while the Bank of Japan delivered a widely expected interest rate hold.
The Bank of Japan held its short-term interest rate steady at 0.75%, in line with expectations, with the decision passed by a 6–3 vote.
The central bank reiterated that it will continue to raise interest rates in accordance with developments in the economy and the Middle East war, signalling a gradual normalization path.
The BOJ also said inflation expectations are likely to continue rising moderately, reinforcing market views that further tightening remains on the table later this year.
Nikkei 225 dropped 0.7% to 60,107.50 points, after hitting a record high of 60,903.95 a day earlier.
The broader TOPIX index gained 0.8%.
KOSPI was an exception, adding more than 1% to a new record high of 6,712.73 points.
Elsewhere, sentiment was further weighed by persistently high oil prices, as little progress was seen in resolving the Iran war. Disruptions around the Strait of Hormuz have kept crude near multi-week highs, stoking inflation concerns and dampening risk appetite.
Technology stocks across Asia also declined, tracking a cautious global tone and growing scrutiny over artificial intelligence-driven valuations.
A report by The Wall Street Journal said OpenAI has missed internal revenue and user growth targets ahead of a potential initial public offering (IPO), raising questions over near-term monetization in the AI sector.
Shanghai Composite index edged down 0.1%, while Hang Seng slid 0.7%.
S&P/ASX 200 shed 0.5%, while Straits Times Index edged up 0.2%.
Futures tied to Nifty 50 declined 0.5%.
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