Shanghai stocks jump as BoJ leaves stimulus unchanged

The Shanghai stock market rebounded while the Japanese yen strengthened against the US dollar on the news the Bank of Japan will keep its asset buying programme unchanged.

The Shanghai Composite index jumped 4.7% to 3,323 and Hong Kong's Hang Seng also finished Tuesday on a positive note, up 1.5% to 24,320. The yen strengthened 1.1% to 117.5 yen per US dollar, but the Japanese Nikkei index fell 0.5% to 17,280 as falling oil prices forced the central bank to reduce its inflation forecast. The Bank of Japan has been struggling to achieve its inflation target of 2% for the past few years and, as the tumbling oil price creates deflationary pressures across the globe, this is becoming even more difficult. However, the Bank said it will continue its stimul...