"Nikkei Hits Record High as Asian Markets Soar"

1 min read
Source: CNBC
"Nikkei Hits Record High as Asian Markets Soar"
Photo: CNBC
TL;DR Summary

Japan's Nikkei hits a fresh 34-year high, while most Asian markets are closed for the Lunar New Year holiday; Bank of Japan governor Kazuo Ueda indicates that easy monetary conditions will persist even if the BOJ scraps its negative interest rate policy; Australia's central bank governor expresses concern over high inflation; Softbank Group shares surge almost 10% on open; Bitcoin rises above $45,000, its highest level in almost a month; Oil prices rise for the fourth day after Israel rejects Hamas ceasefire proposal; Richmond Federal Reserve President Thomas Barkin advises patience on rate cuts, citing ongoing inflation concerns.

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